The buildings are the Wells Center, with 242,000 sf at 75-95 Wells Ave., and the 90,000-sf Wells Place at 57 Wells Place.
Hines funded the acquisition with a $150 million bridge loan provided by JPMorgan Chase & Co. The debt pays a coupon pegged to Libor plus 175 basis points. It matures in 60 days, but can be extended for an additional ...
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© 2023 Commercial Real Estate Direct All rights reserved..