CHICAGO-A venture of Farbman Group, based in Southfield, Michigan, has secured a $55-million loan to finance its acquisition of an office tower at 200 W. Monroe St. The Farbman venture bought the 23-story, 535,911-square-foot office building for $75 million from General Electric Pension Trust.
The Jewish Federation of Metropolitan Chicago-owned space in the building was not included in the deal. San Francisco-based Wells Fargo Bank NA provided the loan for the acquisition. The Monroe tower is 80% occupied. For the full story, go to Crain's Chicago Business .
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