JLL arranged $141.8 million in financing for the 509-unit Wolf Point West luxury apartment tower in Chicago's River North neighborhood.
JLL Capital Markets has secured a $141.8 million, three-year floating-rate loan for the refinancing of Wolf Point West, a 48-story luxury multifamily tower in Chicago. The property, located at 343 W. Wolf Point Plaza on the Wolf Point peninsula, was delivered in 2016 and features 509 residential units across 379,264 square feet. The asset is LEED Silver-certified and includes an array of amenities such as an outdoor pool, fitness center, game room, and dog lounge.
JLL represented the ownership group, which consists of Hines, the AFL-CIO Building Investment Trust (advised by DWS Group), Magellan Development Group, and the Joseph P. Kennedy Trust. New York Life Insurance Co. provided the financing. Hines, which developed the project, continues to serve as the property manager. The building was designed by bKL Architecture.
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