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CHICAGO—PCCP, LLC recently provided a $27.1 million senior loan to a joint venture to acquire, re-position and lease-up Corridors I & II, a class A office park that has struggled with a high rate of vacancy. The 299,792-square-foot property is located at 2651 and 2655 Warrenville Rd., in Downers Grove, IL, within the East/West Corridor submarket of suburban Chicago about 25 miles west of downtown Chicago. The new owners, Transwestern Sponsorship Equity Partners I and Soundview Real Estate Partners, will use part of the loan to refurbish the building and hopefully boost its occupancy rate, currently at 50.9%.

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