{"id":1004323511,"date":"2019-05-16T08:52:13","date_gmt":"2019-05-16T16:52:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004323511"},"modified":"2022-03-04T10:20:23","modified_gmt":"2022-03-04T18:20:23","slug":"rdg-funds-receives-financing-for-historical-chicago-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rdg-funds-receives-financing-for-historical-chicago-asset\/","title":{"rendered":"RDG Funds Receives Financing for Historical Chicago Asset"},"content":{"rendered":"<div id=\"attachment_1004323514\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004323514\" data-attachment-id=\"1004323514\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rdg-funds-receives-financing-for-historical-chicago-asset\/156-n-jefferson-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St.-e1557840047930.jpg\" data-orig-size=\"1525,1143\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;ILCE-7RM3&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1556436504&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;25&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"156 N. Jefferson St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;156 N. Jefferson St. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St.-e1557840047930.jpg?w=1024\" class=\"wp-image-1004323514 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St.-e1557840047930.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St.-e1557840047930.jpg 1525w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St.-e1557840047930.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St.-e1557840047930.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/156-N.-Jefferson-St.-e1557840047930.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004323514\" class=\"wp-caption-text\">156 N. Jefferson St. <em>Image courtesy of CBRE<\/em><\/p><\/div>\n<p>CBRE has represented RDG Funds in securing an $8.3 million loan for financing renovations at a historical building in Chicago\u2019s West Loop neighborhood. The developer <a href=\"https:\/\/www.commercialsearch.com\/news\/summit-design-build-rdg-funds-renovate-historic-chicago-building\/\">teamed up with&nbsp;Summit Design + Build<\/a> last fall to transform the 1865-built asset into a modern office building and has recently completed the work.&nbsp;<\/p>\n<p>The development is located at 156 S. Jefferson St. and was originally home to the Crane Co. until 1981. The three-story building offers 32,000 square feet of creative office space and includes a new fitness center, a rooftop deck and a Wi-Fi tenant lounge. Renovations preserved the early Italianate style and features such as brick lintels and metal hardware from wood shutters.<\/p>\n<p>Hirsch MPG led the core and shell renovations while Mike Shively Architecture designed the tenant improvement and build-out. John Parrett, Molly Green and Harrison Addy of CBRE led the capital markets debt and structured finance team which arranged the long-term loan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE\u2019s capital markets debts and structured finance team arranged the $8.3 million loan. The 1865-built asset is located in the West Loop neighborhood. <\/p>\n","protected":false},"author":30,"featured_media":1004505578,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21825,13,21742,21747],"tags":[35046,38878,40161],"class_list":["post-1004323511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-finance","category-midwest","category-latest","category-office","tag-cbre-capital-markets","tag-rdg-funds","tag-summit-design-build"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RDG Funds Receives Financing for Historical Chicago Asset - 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\/rdg-funds-receives-financing-for-historical-chicago-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RDG Funds Receives Financing for Historical Chicago Asset\" \/>\n<meta property=\"og:description\" content=\"CBRE\u2019s capital markets debts and structured finance team arranged the $8.3 million loan. 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