News release

Financing lined up for a mixed-use portfolio in downtown Chicago

JLL Capital Markets led the financing efforts for the office and retail portfolio, which is located in the vibrant Fulton Market District

October 01, 2021

Kristen Murphy

Investor PR, Capital Markets, Hotels, Property Management
+1 617 848 1572

CHICAGO, Oct. 1, 2021 – JLL Capital Markets announced today that it has arranged financing for a four-building office and retail portfolio totaling 168,206 square feet in Chicago’s Fulton Market District.

Originally built in the early 1900s, the four properties were all extensively renovated and modernized in 2017 to 2018 and most recently between 2020 and 2021. The portfolio consists of 900 W. Randolph St. (or 159 N. Sangamon), 936 and 939 W. Fulton St. and 312 N. Carpenter St. Anchor tenants at the properties include Vital Proteins, iCrossing and Spaces, as well as Top Chef-led eatery Rose Mary.

Standing at the epicenter of Chicago’s West Loop transformation, Fulton Market has solidified itself as one of the most sought-after urban neighborhoods in the nation. The properties boast a WalkScore® of 99 and are centrally positioned within Fulton Market with frontage along the neighborhood’s most prominent corridors, including “Restaurant Row.” In addition to access to the neighborhood’s retail shops, nightlife, cultural and entertainment options, the properties are also minutes to the Morgan Station CTA “L” stop, which connects Fulton Market to the Central Loop.

The JLL Capital Markets team representing the property owner was led by Senior Managing Director Anthony Fertitta, Director Lucas Borges and Associate Warren Johnson.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.