Chicago’s Salesforce Tower nears $610 million refinancing

Half a decade after breaking ground on a 60-story office tower along the Chicago River in the opening weeks of a global pandemic, the owners of Salesforce Tower are close to finalizing $610 million in long-term debt.

Developers are expected to close March 27 on commercial mortgage-backed securities debt on the trophy tower, a property with a long-term valuation of $888 million, according to a presale report on the debt offering from Moody’s Ratings.

https://www.costar.com/article/1787199735/chicagos-salesforce-tower-nears-610-million-refinancing