$14.1 Mil Financing for 55 W. Wacker Building

CHICAGO - Joint venture acquires vintage office building located in Chicago's CBD, expects rent increases over the mid-term.

By Bonnie Grota | December 21, 2000 at 01:01 AM

Michael L. Miller, principal, B&W Real Estate Capital, arranged the loan with cooperating broker William T. Barry of Draper & Kramer. "The downtown office leasing market remains strong with tight vacancy rates," says Miller. "We expect rents to continue their steady rise for the next 24 to 36 months."

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