Illinois Gov. JB Pritzker, Michigan Gov. Gretchen Whitmer, Ohio Gov. Mike DeWine, Wisconsin Gov. Tony Evers, Minnesota Gov. Tim Walz, Indiana Gov. Eric Holcomb and Kentucky Gov. Andy Beshear jointly announced the COVID-19 partnership.
JLL capital markets secured the construction loan on behalf of Marquette Cos. for the development of its 278-unit, high-rise apartment tower in Chicago’s Fulton Market.
The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.
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