CHICAGO-A Chicago-based Bonnie Investment Group venture has obtained a $35.5-million loan to refinance Chicago's Bricktown Square Shopping Center. The new 10-year loan, borrowed from an affiliate of Royal Bank of Scotland PLC, will replace a $36.5-million loan on the 292,309-square-foot retail center at 6400-6525 W. Fullerton Ave.
The subsidiary of Royal Bank has plans to sell the $35.5-million loan in a CMBS offering. As of September 1, the retail property was 94.2% leased to tenants, including Babies "R" Us, Sports Authority and Walgreens. For the full story, go to Crain's Chicago Business .
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