PRIME GROUP SECURES $200M REFINANCING LOAN

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CHICAGO — Prime Group Realty Trust has secured a $200 million loan for the refinancing of 330 Wabash Ave. in Chicago. Prime Group owns the 52-story office tower in a joint venture with Five Mile Capital Partners. The loan includes a $111.9 million advance that will repay an existing mortgage on the property and $88.1 million that will fund tenant and capital improvements at the building. Landesbank Hessen-Thuringen Girozentrale and New York Life Insurance Co. provided the loan. 330 Wabash Ave. is 88 percent leased and recent leases at the property include American Medical Association and Latham & Watkins LLP.

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