Financing secured for Chicago’s residential community
Dec 08, 2016 – Holliday Fenoglio Fowler (HFF) has secured $250M in financing for a residential community in Chicago’s West Loop.
The development, named Presidential Towers, has been designed by architecture firm Solomon Cordwell Buenz, and will feature four identical 50-storey towers.
The project will house 2,346 residential units, covering an area of over 148,640sq m. It will also include 12,560sq m of retail space, a four-level, 1,162-stall parking garage, and amenity space.
HFF, on behalf of Waterton and its institutional client, placed the ten-year, fixed-rate loan with Barings Real Estate Advisers.