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September 29, 2017  

Debt Eyed for Chicago Office Upgrade

A John Buck Co. partnership is looking for some $230 million of debt on a Chicago office tower that’s on the verge of a major renovation coinciding with tenant turnover.The Chicago developer and its partner, Morgan Stanley, want to line up a floating-rate loan with a total term of five years on the 1.1 million-square-foot building, at 333 South Wabash Avenue. Eastdil Secured is marketing the assignment, with banks and debt funds as the...

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