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NorthMarq Capital provides $60 million refinance loan for Chicago-area office park

Staff Writer April 4, 2017
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Jeff Cherner, senior vice president/managing director of NorthMarq Capital’s Chicago regional office, arranged the $60 million refinance of Arboretum Lakes, a Class-A 734,000-square-foot office park in Lisle, Ill.

The transaction was structured with a 10-year term and 25-year amortization schedule. Financing was provided by NorthMarq through its correspondent relationship with a life insurance provider.

Major tenants at the property include SunCoke, Aldera, CNA, SSAB, Smart Signal and LEECO.

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