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Oaktree Capital-GlenStar Land $256M Refi Deal for Chicago Board of Trade Building

The deal, arranged by JLL Capital Markets, was done on behalf of a partnership between funds managed by Los Angeles-based Oaktree Capital Management, L.P. and GlenStar Properties of Chicago, to secure debt financing through a domestic financial institution.

141 W. Jackson, also known as the Chicago Board of Trade Building. 141 W. Jackson, also known as the Chicago Board of Trade Building.

CHICAGO—A partnership of Oaktree Capital and GlenStar Properties has secured a $256-million refinancing loan for its 141 W. Jackson office tower here also known as the Chicago Board of Trade building.

The deal, arranged by JLL Capital Markets, was done on behalf of a partnership between funds managed by Los Angeles-based Oaktree Capital Management, L.P. and GlenStar Properties of Chicago, to secure debt financing through a domestic financial institution. Ownership has successfully instituted a spec suite program and plans to allocate a portion of the loan proceeds toward future leasing, according to JLL.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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