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Chicago Office Building, Refinanced in Months Before COVID-19, Gets Handed Back to Lender

Miami-Based Investor Gives Up 12-Story Vintage Tower by Deed in Lieu of Foreclosure

A 12-story office building at 209 W. Jackson Blvd. in Chicago's Loop business district has been taken back by its lender. (Robert Gigliotti/CoStar)
A 12-story office building at 209 W. Jackson Blvd. in Chicago's Loop business district has been taken back by its lender. (Robert Gigliotti/CoStar)

An investor that refinanced a more than century-old office building in Chicago’s Loop business district just months before the onset of COVID-19 has handed back the property to its lender.

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