The mortgage also eclipses the $20.7-million purchase price paid by the limited liability corporation that acquired the asset at LaSalle and Madison streets in 2000.
LJ Melody & Co. managing director John Clifford and director David Hendrickson arranged financing for the owners of the building. LJ Melody & Co. is the real estate financing arm of CB Richard Ellis.
Published gross lease rates at 11 S. LaSalle St., where Security Capital Group is an anchor tenant, start at $22 per sf. The retail space includes a Waldenbooks and Citibank branch.
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