COHEN ARRANGES $23 MILLION LOAN FOR NEWLY OPENED WHOLE FOODS

CHICAGO — Cohen Financial has arranged $23 million in non-recourse financing for a newly opened Whole Foods located in Chicago’s Lincoln Park neighborhood. The three-story, 85,301-square-foot grocery store is situated on 3.16 acres at 1550 N. Kingsbury St. It is the grocer’s third largest location, behind flagship stores in Austin, Texas, and London. It was developed by CRM Properties Group and designed by Gensler. Joel Simmons of Cohen arranged the loan, which includes a 5-year term and a fixed interest rate. The lender was Milwaukee-based TCF National Bank.