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December 01, 2017  

Beacon Taps Aareal for Chicago Loan

Aareal Capital has originated about $180 million of floating-rate debt on a Chicago office tower.Beacon Capital owns the 940,000-square-foot property, at One North Dearborn Street in the Central Loop.The mortgage, which closed a couple of weeks ago, has a five-year term. Eastdil Secured brokered the financing.Beacon, a Boston fund shop, acquired the building in October 2015 from Chetrit Group of New York for $202 million. The occupancy rate at...

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