Manulife Investment Management has secured a $120.1 million mezzanine loan for its clients to finance the construction of a new office building at 919 W. Fulton Street in Chicago’s Fulton Market district. The project, known as 919 on Fulton, will consist of a Class A office and retail space totaling 373,000 square feet and is being developed by Fulton Street Companies.
According to Marc Feliciano, Global Head of Real Estate for Manulife Investment Management, this transaction showcases their ability to quickly create innovative financing solutions that capitalize on opportunities and support the development of high-quality assets in prime locations. This is just one example of how Manulife differentiates itself in the real estate industry by working closely with partners to find solutions even in challenging environments.
Victor Calanog from Manulife will be speaking at Connect Investment & Finance 2023 event on October 24th at Hyatt Regency O’Hare in Rosemont, IL where he will provide valuable insights into current market trends and what lies ahead for investors. Don’t miss out – register now!
