October 3, 2018
Carlton was the exclusive advisor on this $200 million acquisition of a prime 1.1 million square foot, iconic office tower in Chicago. This transaction was completed with a large investment bank and an overseas investment group that put in more than 70% of the equity. This was a time-sensitive transaction, that was highly complicated as over 60% of the building was occupied by a single tenant, leaving many of the lenders nervous based on the perceived inability to easily lease large blocks of space in Chicago. This transaction was closed in a timely fashion and on excellent terms for our client.
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