CHICAGO — Cohen Financial has secured a $108 million equity investment for the acquisition of Three First National Plaza, a 57-story office tower located at 70 West Madison St. in Chicago. The property is more than 90 percent leased to anchor tenants including law firms K&L Gates LLP and Ungaretti & Harris LLP, private-equity firm Madison Dearborn Partners LLC and credit-card security software provider Trustwave Holdings Inc. Kevin O’Grady of Cohen Financial’s Miami office, Mark Strauss of the San Francisco office and the company’s Chicago office secured the equity investment with GEM Realty Capital Inc., a Chicago-based commercial real estate investor, and Farallon Capital Management LLC, a global institutional asset management firm. The operating sponsor is The Hearn Co., a Chicago-based owner/operator of commercial real estate properties across the U.S.
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