22 W Washington in Block 37 Chicago
22 W. Washington in Block 37, Chicago

Strong Capital Markets, Healthy Occupancies Produce $225M Loan for PREI

The strong availability of capital enabled Prudential Real Estate Investors’ recent $225 million loan for office buildings in Miami and Chicago, according to the team that underwrote the deal. The loan backs properties PREI purchased for $368.5 million in the past two years.

PREI’s commingled core fund gained the loan for the 439,434-sq.-ft. 22 W. Washington in Block 37 in Chicago and the 522,891-sq.-ft. Sabadell Financial Center at 1111 Brickell Ave

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