

Goldman Sachs is providing a $304 million financing package for the $467.5 million acquisition of AMA Plaza in the River North area of Chicago, Illinois.
HFF arranged the five-year, fixed-rate acquisition financing after marketing the property on behalf of Five Mile Capital Partners and procuring the buyer/borrower, Beacon Capital Partners.
The 1.2 million sq ft, 52-story, Class A, trophy office building on the Chicago River is home to the American Medical Association and 96-percent-leased to a tenant roster with a weighted average lease term of nearly 9.5 years. The LEED Gold-certified building includes an adjacent 902-stall parking garage and sits atop a separately-owned, 316-room, Langham Hotel (which was not part of the sale or financing to Beacon Capital Partners).
AMA Plaza was completely redeveloped with all new mechanical systems, elevators, HVAC, restrooms, corridors and a “Green Roof” through a recent $73.7 million base-building capital renovation.
HFF’s debt placement team representing the borrower was led by managing directors Christopher Carroll and Timothy Joyce.
Beacon Capital Partners, a 70-year-old private real estate investment firm engaged in real estate development, ownership and management, has raised eight investment vehicles totaling over $12 billion in equity since 1998, fueling 150 office investments with a projected total value of approximately $30 billion.