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Jones Lang LaSalle has closed the sale of 353 North Clark on behalf of a subsidiary of Mesirow Financial. Price was not disclosed, but the building is under contract for a reported $380 million.

The firm also arranged acquisition financing for new buyer Tishman Speyer. The property is 79 percent leased to a world-class tenant roster including the headquarters of Mesirow Financial.

Leading the Jones Lang LaSalle team on this transaction were Managing Directors Bruce Miller and Jim Postweiler and Vice President Jascint Vukelich. Managing Director Dave Hendrickson, Executive Managing Director Mike Melody and Senior Vice President Jimmy Board arranged acquisition financing.

“While the capital markets have become more liquid during the past few
months—albeit with tougher underwriting standards and lower leverage—large single loans continue to attract an extremely finite group of investors,” said Hendrickson in a released statement. “This senior loan is a testament to the unparalleled quality and location of 353 North Clark.”

Located in the heart of River North, 353 North Clark was designed by architect Dirk Lohan and delivered in October of 2009. The 1.2-million-square-foot building has 46 floors and 214 underground parking spaces. The property features a tenant-only health club, space for two restaurants, concierge services, a conference center, a tenant-only corporate café, shuttle bus service and a landscaped plaza with benches and a messenger center.

Tags | 353 N. Clark, Chicago, Jones Lang LaSalle, Office, sale, Tishman Speyer

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