After a big lease expansion by one of its tenants, the owner of a 40-story office tower in Chicago has extended its loan maturity date by three years and lined up potential new debt to fund future leases, solidifying the building’s future amid rising interest rates and sluggish property sales.
Chicago Office Tower Owner Lands Relief on Debt After Big Tenant Expansion
New York-Based 601W Extends Maturity Date by Three Years for 40-Story Building
By Ryan Ori
CoStar News
December 12, 2023 | 9:29 P.M.
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IN THIS ARTICLE
- Properties
- One South Wacker
1 Wacker Dr, Chicago, IL
- Companies
- The 601W Companies
Real Estate
- Blackstone Inc.
Finance and Insurance