HFF Arranges $77 Million Refinancing of Two Retail Properties on Magnificent Mile

The adjacent 545 and 555 North Michigan total 61,909 square feet and are home to The Gap’s Chicago flagship and Ugg. The adjacent 545 and 555 North Michigan total 61,909 square feet and are home to The Gap’s Chicago flagship and Ugg.

Chicago — HFF has arranged the $77 million refinancing of 545 and 555 North Michigan, two free-standing, adjacent retail properties totaling 61,909 square feet along Chicago’s Magnificent Mile.

Christopher Knight and Timothy Joyce of HFF arranged the 10-year, fixed-rate loan through a fund managed by Apollo Global Management on behalf of the borrower, ECA Capital. Constructed in 1998, the 45,904-square-foot 555 North Michigan is home to The Gap’s Chicago flagship. The 16,005-square-foot, five-story 545 North Michigan was constructed in 1928 and is home to Ugg. 

More News