Anglo Irish Bank To Sell West Loop Tower Loan

By GlobeSt News Hub

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CHICAGO-Dublin-based Anglo Irish Bank has listed over $100 million in troubled loans on the 225 W. Washington St. West Loop tower for sale. Presently, 23% of the tower is vacant with some key tenants moving out of the building.

The bank is marketing the loans on the 483,500-square-foot tower owned by a JV between Irish investors and developer Golub & Co. The bank decided on selling the loans as talks between the JV and the bank failed. For the full story, go to Crain's Chicago Business.

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Categories: Midwest, Office, Acquisitions/Dispositions, Distressed Assets, Chicago