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Owner of 60-Story Office Tower on Chicago River Pays Off $475 Million Loan

Irvine Co. Bought Skyscraper for $850 Million During Far Stronger Real Estate Market in 2014

Irvine Co. has owned the 60-story office tower at 300 N. LaSalle St. in Chicago for a decade. (Justin Schmidt/CoStar)
Irvine Co. has owned the 60-story office tower at 300 N. LaSalle St. in Chicago for a decade. (Justin Schmidt/CoStar)

The owner of a 60-story trophy office tower along the Chicago River has paid off a $475 million loan that was taken out a decade earlier during a far stronger real estate market, rising above challenges today that include weak demand from tenants and higher borrowing costs.

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