{"id":1004133510,"date":"2015-12-11T08:15:41","date_gmt":"2015-12-11T16:15:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004133510"},"modified":"2022-12-07T15:13:40","modified_gmt":"2022-12-07T23:13:40","slug":"hff-brings-in-buyer-financing-for-chicago-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-brings-in-buyer-financing-for-chicago-tower\/","title":{"rendered":"HFF Brings in Buyer, Financing for Chicago Tower"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/200-West-Adams-Chicago.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004133511\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-brings-in-buyer-financing-for-chicago-tower\/200-west-adams-chicago\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/200-West-Adams-Chicago.jpg\" data-orig-size=\"583,490\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D2Xs&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1155749345&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;12&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"200 West Adams, Chicago\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/200-West-Adams-Chicago.jpg?w=583\" class=\"alignright size-medium wp-image-1004133511\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/200-West-Adams-Chicago.jpg\" alt=\"200 West Adams, Chicago\" width=\"300\" height=\"252\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/200-West-Adams-Chicago.jpg 583w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/200-West-Adams-Chicago.jpg?resize=300,252 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>HFF recently pulled double duty at 200 West Adams in Chicago, closing the $168.3 million sale of the 683,800-square-foot office building on behalf of Sterling Equities and Lincoln Property Co., and securing acquisition financing\u00a0 for the buyer, Gerding Edlen.<\/p>\n<p>Sited in the West Loop area, the 32-story 200 West Adams first opened its doors to tenants in 1985, offering 32 stories of office accommodations and ground-level retail space. Today, the LEED Gold-certified building is 91 percent leased to a list of occupants that includes the U.S. General Services administration, BMO Harris and Lowis &amp; Gellen. The investment community responded well to the offering\u2014and for good reason.<\/p>\n<p>\u201c200 West Adams was offered at a substantial discount to replacement cost with rents that are well below market rates.\u00a0 The wide gap between current in-place rents and current market rents combined with the near-term rollover of more than 50 percent provides an investor with a substantial return throughout the holding period,\u201d Jeff Bramson, senior managing director with HFF, said in a prepared statement.<\/p>\n<p>Gerding Edlen, with the assistance of HFF, secured a $134 million, three-year, floating-rate loan through AEW Capital Management L.P. for the purchase of the property.<\/p>\n<p>HFF has closed more than a few deals in Chicago this year. Transactions include the sale of the 522,800-square-foot building at 525 W. Van Buren, which fetched $135 million, and the $185 million sale of 550 West Adams, a 484,000-square-foot tower.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF closed the sale of 200 W. Adams. on behalf of Sterling Equities and Lincoln Property, while also securing acquisition financing for the buyer, Gerding Edlen.<\/p>\n","protected":false},"author":969,"featured_media":1004133512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21781,21808,21825,13,21742,21747],"tags":[39393],"class_list":["post-1004133510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-corporate-real-estate","category-featured","category-finance","category-midwest","category-latest","category-office","tag-chicago"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HFF Brings in Buyer, Financing for Chicago Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-brings-in-buyer-financing-for-chicago-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Brings in Buyer, Financing for Chicago Tower\" \/>\n<meta property=\"og:description\" content=\"HFF closed the sale of 200 W. 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