May 15, 2019 Comments (0) Views: 115 Chicago News, North Side

CBRE Secures Long-Term Funding for West Loop Offices

CBRE recently represented RDG Funds in the financing of 156 N. Jefferson St., a creative loft office building in the West Loop.

John Parrett, Molly Green and Harrison Addy in the Chicago office led the CBRE Capital Markets debt & structured finance team in securing an $8.3-million, long-term, fixed-rate financing with a life company lender.

“The capital markets continue to provide liquidity to high-quality real estate that is well-located with a solid cash flow and strong sponsorship,” said Parrett. “156 N. Jefferson fits all of those characteristics.”

156 N. Jefferson is a 100% leased, three-story, 32,000-square-foot creative loft office building. Tenant amenities include a newly built fitness center, equipped with men’s and women’s locker rooms, a rooftop deck and a Wi-Fi tenant lounge.

A complete redevelopment of the property was recently completed with many of the original features remaining to highlight the building’s historic architectural attributes.

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