Tishman Speyer refinanced The Franklin, its two-tower office complex in Chicago’s West Loop, with a $340 million CMBS loan.
The Single Asset Single Borrower (SASB) loan was led by JPMorgan with Bank of America and Deutsche Bank serving as co-lenders. Proceeds from the five-year floating rate loan, structured with a two-year initial term and three 12-month extension options, will be used to pay off The Franklin’s existing loan and fund ongoing leasing efforts.
Tishman Speyer has secured 460,000 square feet of new leases and extensions since June 2025 at The Franklin, which is now 84 percent leased. Notable office customers at the 2.5 million-square-foot campus include The Options Clearing Corporation, Robert W. Baird, Amazon Web Services, Guggenheim Partners and The Trade Desk.
The Franklin encompasses a 60-story tower at 227 West Monroe Street and a 34-story tower at 222 West Adams Street. Tishman Speyer recently redesigned the complex’s central atrium and lobby to serve as a grand gateway to both towers and a connector of the three adjacent streets.
Customers enjoy access to ZO, Tishman Speyer’s global amenities network, which includes a wellness and fitness center, newly upgraded conference facility, and an array of F&B and event spaces. The Franklin is activated at street-level by a mix of retailers, including Amazon Go, Citibank and Soprafinna Market.
Mass transit is easily accessible, with Metra commuter rail and CTA train lines just minutes away. Customers also have access to The Franklin’s heated garage for car and bike parking.
