Jenner & Block

Firm Negotiates and Closes Multimillion Dollar Loan for Prime Group Realty Trust

Jenner & Block recently closed on behalf of its client, Prime Group Realty Trust, the refinancing of a $75 million mezzanine loan for Prime’s Dearborn Center project.  The lender was an affiliate of LNR Property Corporation.  Dearborn Center is a new 1.5 million square foot mixed-use office building located on Adams between State and Dearborn Streets in downtown Chicago.  Major tenants include Bank One and Citadel Investment Group.  Jenner & Block’s team on this matter included Partners Donald I. Resnick and Donald S. Horvath and Associate Julie M. Mandanas.  Important assistance was also provided by Partner Carter H. Klein and Associate Brian L. Howard.