The construction loan was arranged through Eurohypo A.G. byChicago-based Draper and Kramer Inc. and the Dallas office ofHolliday Fenoglio Fowler LP. "The ability to get this closed is anendorsement of the project," says a spokesman for Jaffe."Obviously, there's been some fluctuation in the financial markets,and there's a lot of developers sitting on projects unable to getfinancing."
Arboretum is expected to open in fall 2008. A major announcementof more tenants will be made in the next couple weeks, thespokesman says. "The leasing momentum of this project is stillstrong; we continue to garner attention from some of the biggestretail names in the country. We will be announcing some tenantsthat are the first in Chicago, and one that's the first in thecountry," he says.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
