Manulife Investment Management has secured a $120.1 million mezzanine loan for the development of 919 on Fulton, a new Class A office and retail building in Chicago’s Fulton Market district. The project, being developed by Fulton Street Companies, is set to be completed in 2025 and will feature 350,000 square feet of premium office space and 23,000 square feet of high-end retail.
According to Marc Feliciano, Global Head of Real Estate at Manulife Investment Management, this transaction showcases their ability to quickly devise innovative financing solutions that capitalize on opportunities like this one. He also emphasized how this investment highlights the real estate division’s strength in working with partners to overcome challenges and deliver exceptional assets.
This news marks another successful venture for Manulife Investment Management as they continue their track record of providing expert financial support for top-tier developments across various markets.
