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Schwartz Cooper Advises LaSalle Bank on $115 million ‘Block 37’ Financing DealDeal Provides Financing for Remaining Office SpaceNovember 14, 2006 (Chicago) – Schwartz Cooper Chartered, a leading Chicago-based full service law firm, has advised LaSalle Bank National Association in connection with $115 million in loans that will be used by a consortium of banks agented by LaSalle to develop the office tower located at 22 W. Washington St., Chicago’s Block 37, which is currently under development by Chicago-based Golub & Company and the New York-based BlackRock investment firm.
Schwartz Cooper assisted LaSalle to close a $106 million syndicated senior loan facility and a $9 million mezzanine loan facility. These loans will be used to build and develop the building.
CBS Broadcasting Inc. and Morningstar Inc. have previously agreed to serve as anchor tenants for 108 N. State St. and will occupy 80 percent of the planned 17-story, 440,000-square-foot building. The building is scheduled to open in the first half of 2008.
Schwartz Cooper attorneys Michael Kurtzon, Joseph McCoy and Julie Heller advised LaSalle in this transaction with assistance from paralegal Laure Pietro.
About Schwartz Cooper Schwartz Cooper Chartered provides practical, efficient legal solutions across a range of disciplines, including banking and finance, corporate, franchise and distribution law, commercial real estate, litigation, bankruptcy, tax and estate planning, labor and employment, securities, technology and intellectual property. Clients include middle-market public and private companies in industries ranging from manufacturing to retail; local and national banking institutions; investment funds; and commercial real estate owners, developers and lenders. For more information, please visit www.schwartzcooper.com.
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