Office tower at 200 West Madison

   CHICAGO – Prudential Mortgage Capital Co. has provided a $105 million loan to Multi-Employer Property Trust to finance a 928,000 square foot office tower at 200 West Madison.

   The 10-year fixed-rate loan is a first mortgage for MEPT on the property. MEPT was advised by real estate advisor Bentall Kennedy.
   “This building’s quality and central location, combined with the quality of the sponsorship, made this transaction extremely attractive,” Sarah Teunis, a director with Prudential Mortgage Capital’s New York City office, says in a press release. 
   Teunis led the transaction in partnership with Bryan McDonnell, a principal with Prudential Mortgage Capital’s Arlington, Va, office.
    Dave Hendrickson and Keith Largay, of Jones Lang LaSalle‘s Chicago office, arranged the transaction.
   The building was built in 1983 and renovated over the last few years, the 45-story tower is on the eastern border of Chicago’s West Loop. It is within walking distance to the Ogilvie Transportation Center and Union Station. The building, leased as a multi-tenant tower, is both LEED Silver and Energy Star certified.
   Prudential Mortgage Capital is a national full-service, commercial and multifamily mortgage finance business with more than $72.67 billion in assets under management and administration. It is  the commercial mortgage lending business of Prudential Financial Inc., a financial services leader with approximately $1.005 trillion of assets under management.