Winthrop Realty Trust Announces Refinancing of Mortgage Loan on Sullivan Center Property

Source:  REJournals.com

Winthrop Realty Trust has announced that the existing mortgage loan secured by the 942,000-square-foot, office and retail property located at One South State Street in downtown Chicago has been refinanced. The new loan replaces a $110.8 million loan that bore interest at 11 percent per year with a new $113.5 million loan that bears interest at a rate of 3.95 percent per year. The new loan requires payments of interest only and matures November 2018. Winthrop holds this property through ...

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