MERIDIAN ARRANGES $50M IN FINANCING FOR LUXURY RETAIL PROPERTY

CHICAGO — Meridian Capital Group has arranged $50 million in financing on behalf of Flagship Partners, for its retail property at 25 E. Oak St. in Chicago. Aaron Birnbaum, Ronnie Levine and Tal Savariego of Meridian Capital negotiated the 10-year CMBS loan through Goldman Sachs. The three-story property contains 38,445 square feet of rentable space. Tenants include Hermes, Giorgio Armani and Vera Wang.