Chicago based HEARN and Harbor Group International, LLC announced the closing of the recapitalization of the 700,000-square-foot Two North LaSalle Street office building in the heart of Chicago’s financial district in the Central Loop.
HEARN and funds managed by affiliates of Fortress Investment Group have agreed to recapitalize the property to fund building improvements, amenity upgrades and costs associated with new and existing tenancy. The redevelopment, leasing and on-site property management will be overseen by HEARN.
Located at the intersection of LaSalle and Madison, Two North LaSalle is home to Neal Gerber, Bank of New York, Hartford Fire, Levenfeld Pearlstein and Grind.
Blake Hillemeyer, Executive Vice-President for HEARN, sees significant opportunity for the property.
James Hanson and Erik Foster of the Chicago office of Avison Young represented Harbor Group International, LLC in the recapitalization. Michael Curran and Brad Despot from Avison Young have been engaged as the leasing team for Two North LaSalle Street.
