Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

HFF announces $59.6M refinancing of Old Orchard Towers in suburban Chicago

June 12, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Old Orchard Towers, a 349,814-square-foot, Class A office complex consisting of two seven-story office towers in Skokie, Illinois, will undergo a $59.6 million refinancing. Holliday Fenoglio Fowler, L.P. (HFF) worked on behalf of the borrower, Zeller Realty Group, to secure the three-year, floating-rate loan through Ares Commercial Real Estate Corporation.

Old Orchard Towers is located at 5202 and 5250 Old Orchard Road in the North Shore submarket of northwestern Chicago. The property is approximately five miles from Chicago city limits, 13 miles from Chicago O’Hare International Airport and 15 miles from the Chicago CBD. Situated adjacent to the Edens Expressway (I-94), the property is visible to more than 150,000 vehicles per day.

The north and south towers, connected via a concourse and an 857-space parking deck, are 91 percent leased to 16 tenants, including National Louis University, Sg2, and Kaufman, Hall & Associates. The property also includes a 2.53-acre vacant land parcel for future development.

The HFF debt placement team representing the borrower included managing director Christopher Carroll.

Tags
ares commercial real estateHFFIllinoisold orchard towersSkokiezeller realty group
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
WisconsinCRE

Wisconsin’s Boldt Company hires CIO

September 29, 2023
IowaNet LeaseRetail

Marcus & Millichap negotiates sale of Dollar General in Iowa

September 29, 2023
TexasOffice

KBS & Transwestern sign 38,000 square feet with two regional firms at Class A office in Dallas

September 29, 2023
IllinoisCRE

RECAP: 2023 Goldie Gala

September 29, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com