Transactions - Office Buildings

Highland Point Office Building
Salt Lake City, Utah

First mortgage non-recourse financing of $2,300,000 was placed on this two-story office building with full basement. Tenants include accountants, a brokerage firm, and a retail cosmetic chain. The property is situated on a 1.15-acre land parcel.

Access Insurance Building
Atlanta, Georgia

Permanent fixed rate non-recourse financing of $2,673,000 was arranged for this 26,906 square foot, single tenant property set on a 2.78-acred land parcel. Originally built in 1974, the property underwent a complete renovation in 2000.

Office Building Portfolio
Chicago, Illinois

An $85,700,000 first mortgage was arranged for this office building portfolio in the city's River North neighborhood. The portfolio contains an aggregate of 800,000 square feet. Non-recourse financing is interest only for the first 4 years and represents in excess of 82% loan-to-value.

Oak Leaves Office Building
Oak Park, Illinois

This office/retail facility had a $4,800,000 fixed rate first mortgage placed on a non-recourse basis. Originally built in 1929, the 5-story building contains approximately 67,109 net rentable square feet.

Georgetown Medical Plaza
Indianapolis, Indiana

A total of $8,100,000 in fixed rate permanent non-recourse financing was negotiated for this newly constructed 70,600 square foot medical office building. There is a 15-year master lease on the space, the majority of which has been subleased to related entities of the master lessee.