CHICAGO, IL - February 24, 2014 - HFF announced today that it has arranged the financing for 10 and 120 South Riverside Plaza, a two-building, 21-story Class A office property totaling more than 1.4 million square feet in Chicago's West Loop.
HFF worked on behalf of the borrower, an affiliate of Ivanhoé Cambridge advised by Callahan Capital Properties, to secure the fixed-rate loan for the property.
10 and 120 South Riverside, designed by Skidmore, Owings and Merrill, is located on the western bank of the Chicago River's South Branch directly between Union Station and the Ogilvie Transportation Center.
The HFF team representing the seller was led by managing directors Timothy Joyce and Christopher Carroll.
Ivanhoé Cambridge is a world-class real estate company that leverages its high-level expertise in all aspects of real estate including investment, development, asset management, leasing and operations, to deliver an optimal return for its investors. Through its multiple subsidiaries, its assets in more than 20 countries are valued at more than Cdn$35 billion as at December 31, 2012. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec, one of Canada's leading institutional fund managers. www.ivanhoecambridge.com
Callahan Capital Properties ("CCP") is a real estate investment firm focused on acquiring high quality office properties throughout the United States and leveraging substantial experience and expertise in asset management to enhance value. In December 2012, Ivanhoe Cambridge - selected CCP to join forces in the development of its U.S. office real estate platform and the management of its expanding office portfolio in major gateway markets. Since joining forces, Ivanhoé Cambridge and CCP have acquired over 5.0 million square feet of Class A office properties in New York, Chicago and Seattle. www.callahancp.com
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE:HF
). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com
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Source: HFF, Inc. via Globenewswire