HFF ARRANGES $72.1 MILLION LOAN FOR OFFICE TOWER

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CHICAGO — The Chicago and Boston offices of Holliday Fenoglio Fowler (HFF) have arranged a $72.1 million loan for the refinancing of 550 West Washington, a 16-stry, Class A office tower located in Chicago’s West Loop. The office building contains 371,415 square feet of space, and is 97.5 percent leased to investment-grade tenants. Tim Joyce, Mike Kavanau and Fred Wittmann of HFF secured the financing on behalf of Boston-based Beacon Capital Partners. The loan, which was provided by Landesbank Hessen-Thuringen Girozentrale, carries a 5.84 percent fixed interest rate over a 5-year term.

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