June 15, 2016
Holliday Fenoglio Fowler, L.P. (HFF) arranged a construction loan for the development of a 20-story, trophy office tower at 625 West Adams St. in Chicago’s West Loop. The loan amount was undisclosed, but was provided by Bank of the Ozarks.
The borrower is a partnership comprising of San Antonio-based USAA Real Estate Company and a joint-venture between Rosemont, IL-based White Oak Realty Partners, LLC and Vanderbilt Investment Properties, an affiliate of Chicago-based CA Ventures.
625 West Adams will be a 438,837-square-foot spec tower designed by Solomon Cordwell Buenz and Associates’ Martin Wolf, FAIA. Floor plates average 31,500 square feet of unobstructed 360 degree views of the city and the building features an expansive 25-foot high lobby with floor-to-ceiling glass.
HFF’s debt placement team representing the borrower included Christopher Carroll and Trey Morsbach.