Willis Tower Chicago

$780 million ten-year, fixed-rate senior mortgage for our clients’ refinancing of Sears Tower.

  • Class A+, world-renowned, trophy office tower totaling more than 4.4 million square feet, located in Chicago’s West Loop.
  • Financing was used to repay existing Carlton-arranged, floating-rate financing from 2004, and fund a very large TI/LC facility and sizable capital improvement reserve for the repositioning of the landmark property.
  • Previously arranged $825 million senior mortgage for our clients’ acquisition of the asset in 2004.

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