HFF secures $233M construction loan for Chicago office project

WCN Editorial Team 3 Aug 2016 NORTH AMERICA BUILDINGS

Holliday Fenoglio Fowler (HFF) has secured a $233.3M construction loan from the Bank of the Ozarks for the development of an office tower in Chicago, Illinois.


HFF worked on behalf of the developer, The John Buck Company, to place the construction loan with the bank.

The Class A+, 35-storey building — located at 151 North Franklin in Chicago’s West Loop — will be the new world headquarters of insurance firm CNA, as well as the new national headquarters of international law firm Hinshaw & Culbertson.

Upon completion, the tower will feature 75,000sq m of rentable space and an attached parking garage, in addition to the 34 lower-level parking stalls.

The building will also include a 390sq m rooftop terrace with bar, 929sq m of landscaped exterior courtyards, a fitness centre, 250-seat conference centre, restaurant, bike room and café.

Designed by John Ronan Architects and Adamson Associates, the LEED Gold-certified building is currently under construction and will be completed in mid-2018.

* Data provided by Timetric's Construction Intelligence Center.

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