$27.5 Million Non-Performing Office Loan | Deed-in-Escrow | Chicago, IL

Path To Ownership

A consensual Deed-in-Lieu ownership will be available prior to closing.

Strategic Expansion Optionality

With over 47,000 square feet and 22,000 square feet of contiguous vacant space across floors 12-15 and floors 22-23, respectively, the Property strategically presents a rare opportunity for large block leasing in a prime downtown location.

Highly Accessible, Transit Oriented Location

Located in Chicago’s prestigious West Loop district, the Property offers tenants exceptional connectivity to public transportation, including nearby CTA Brown, Pink, Orange, Green, Blue, and Purple lines, as well as proximity to Chicago Union Station and Ogilvie Transportation Center. Additionally, four bus stops are within a two-block radius of the Property.

Incredible Basis at a Substantial Discount to Replacement Cost

The offering allows an investor the opportunity to acquire the Loan at a refreshed basis, below replacement cost, and at a discount to the current Sponsor’s cost basis.

Significant Repositioning Optionality

Characterized by the boutique floor plates and abundant natural light, the Property’s transitioning occupancy status creates an environment conducive to repositioning optionality. Among other permitted uses, the existing DC-16 zoning permits multifamily and hospitality uses.

Prime Unobstructed Views

Prominently occupied along W Wacker Drive, the Property has sweeping, unencumbered, and protected views of the Chicago River, and views of the City skyline from the upper floors.