Moceri + Roszak secures $71M construction loan for 20-story office tower

0
426
Image Courtesy of Moceri + Roszak

Chicago-based developer Moceri + Roszak secured a $71.4 million construction loan for an office tower in the Loop, The Real Deal reported.

Financing for the 20-story building was provided by the Multi-Employer Property Trust.

The building, at 145 South Wells St, is being built on spec. It will have ground-floor retail and 24 parking spaces. The high rise is being constructed on the site of a now-demolished four-story parking garage along the L tracks.

The developer is a partnership of Convergint Technologies co-founder Dan Moceri, along with Michael Moceri and Thomas Roszak of Thomas Roszak Architecture, which is designing the building.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.