CHICAGO-The owner of the Edens Corporate Center situated at 630-650 Dundee Rd. has defaulted on the center's $23-million loan from June onwards. The loan on the 189,698-square-foot property matures in August 2012 and its remaining balance is $20.98 million.
A Bloomberg report says that occupancy rates at the two-building corporate center declined last year, with Idex Corp., one of its biggest tenants, vacating nearly 26,000 square feet and moving to Lake Forest. For the full story, go to Chicago Real Estate Daily.
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