MEPT’s $105M Mortgage Obtained for Chicago’s 200 W. Madison
Multi-Employer Property Trust (MEPT) has taken out a $105 million mortgage on the 928,040-square-foot property located at 200 W. Madison. This comes after paying $217.5 million in cash the Class A office tower more than a year ago. Providing the loan was Prudential Mortgage Capital Co..
We view this as further confidence of Chicago’s West Loop area that is transforming rapidly. Being close to Ogilvie and Union Station has a major appeal for ...
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