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RBC Mortgage Takes 84,000 SF in Merchandise Mart

CHICAGO-Stories like this aren't as common as they used to be: a local subsidiary of RBC Financial has taken a chunk of the Merchandise Mart to accommodate its expansion.

By Dees Stribling | Updated on March 05, 2003

CHICAGO-RBC Mortgage Co., a residential mortgage firm that was known as Prism Mortgage until its acquisition by the financial services giant RBC Financial Group last year, has leased 84,000 sf in the Merchandise Mart. The new location provides RBC with about twice as much office space as in its nearby River North location to accommodate its recent growth.

“We were able to capitalize on the current market situation to provide RBC with a location at below market cost,” said Kevin Drucker, EVP of Equis Corp., which represented the mortgage company in the deal. “In addition [RBC received] an above-market build out allowance.”

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