CHICAGO — U.S. Equities Realty has secured a $25 million construction loan for MetraMarket, a 100,000-square-foot retail development located in Chicago’s West Loop. Situated within the Ogilvie Transportation Center complex, MetraMarket will include restaurants, shops, open space for dining and socializing, and covered ground-level parking. Tenants secured for the first phase of development include a 15,000-square-foot French Market; a 14,000-square-foot CVS/pharmacy; and a 2,900-square-foot Caffe RoM. The loan was arranged by U.S. Equities through Eurohypo AG. U.S. Equities also secured tax increment financing from the city of Chicago. Jim Whittington of U.S. Equities negotiated the deal on behalf of the firm. Construction on the project is scheduled to begin within the next several weeks.
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