{"id":1004112893,"date":"2015-02-05T12:47:29","date_gmt":"2015-02-05T20:47:29","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=323443"},"modified":"2020-05-12T03:49:11","modified_gmt":"2020-05-12T11:49:11","slug":"hff-lines-up-220m-in-financing-for-new-google-midwest-hq-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-lines-up-220m-in-financing-for-new-google-midwest-hq-3\/","title":{"rendered":"HFF Lines Up $220M in Financing for New Google Midwest HQ"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_323444\" class=\"wp-caption alignleft\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1kfulton_003_w-Sterling-Bay.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-323444\" title=\"1kfulton_003_w - Sterling Bay\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/1kfulton_003_w-Sterling-Bay.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>1000 W Fulton<\/em><\/p>\n<\/div>\n<p>Working on behalf of Chicago-based developer Sterling Bay Cos., HFF has recently secured $220 million in financing for 1KFulton, a 550,000-square-foot mixed-use development to be anchored by Google Inc. in Chicago\u2019s West Loop. The floating-rate loan was placed with Los Angeles-based Mesa West Capital, according to a news release.<\/p>\n<p>Located at 1000 W. Fulton in Chicago\u2019s historic Fulton Market area, 1KFulton is a 10-story building developed as a cold-storage warehouse in 1923. The property has been redeveloped into a Class A, LEED Gold-certified office-and-retail building that will house tech giant Google\u2019s 357,928-square-foot regional headquarters.<\/p>\n<p>Designed by Hartshorne Plunkard Architects and Perkins+Will, 1KFulton features an on-site fitness center, rooftop deck, secure bike room, on-site bicycle detailing\/repair center, underground parking garage, as well as on-site ZipCars. Committed tenants also include bike components manufacturer SRAM, Sandbox Industries and BOKA Restaurant Group.<\/p>\n<p>The HFF team representing the developer was led by Senior Managing Director Mike Kavanau, Managing Director Timothy Joyce and Real Estate Analyst Christopher Knight.<\/p>\n<p>\u201c1KFulton is a truly transformative asset for the West Loop,\u201d said Kavanau. \u201cGoogle\u2019s significant commitment to the location was noted in nearly every offering memorandum and committee presentation in the past couple of years.\u201d<\/p>\n<p><em>Image courtesy of Sterling Bay Cos.<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-tech-industry-driving-chicago-real-estate-market-2\/1004109803.html\" rel=\"nofollow\">Click here<\/a> <\/strong>for further market data on <strong>Chicago.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working on behalf of Chicago-based developer Sterling Bay Cos., HFF has recently secured $220 million in financing for 1KFulton, a 550,000-square-foot mixed-use development to be anchored by Google, Inc. in Chicago&rsquo;s West Loop.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004112893","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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