trending Market Intelligence /marketintelligence/en/news-insights/trending/WWqfpnn72Jasi23bY-Hbww2 content esgSubNav
In This List

Optibase affiliate secures $175M loan for Chicago office asset

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Optibase affiliate secures $175M loan for Chicago office asset

Optibase Ltd. affiliate South Riverside Building LLC secured US$175.0 million in financing from Korea-based Shinhan Bank for its 22-story 300 South Riverside Plaza office tower in Chicago.

The fixed-rate loan has a term of five years. South Riverside Building is 30% owned by an Optibase indirect subsidiary, according to a release.

Israel-based Optibase received a repayment of US$3.0 million, plus accrued interest, of its senior notes to 300 River Holdings LLC, the parent company of the borrower.