PRUDENTIAL PROVIDES $105M IN FINANCING FOR 200 WEST MADISON IN CHICAGO

by admin

CHICAGO — Prudential Mortgage Capital Co. has provided a 10-year, fixed-rate loan for 200 West Madison, a 928,000-square-foot office tower in Chicago. The borrower is Multi-Employer Property Trust, which purchased the building in September 2011 for $217.5 million. Originally constructed in 1983 and significantly renovated during the last several years, the 45-story tower stands on the eastern border of Chicago’s West Loop, with access to major commuter transportation lines and area highways. Sarah Teunis of Prudential Mortgage Capital says the building’s quality and central location “made this transaction extremely attractive.” Teunis and Bryan McDonnell of Prudential led the transaction.

You may also like