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Cohen Refinances $23M Whole Foods

CHICAGO-The firm coordinated a five-year, fixed rate loan on the recently opened 85,300-square-foot Whole Foods at 1550 N. Kingsbury.

By Cari Brokamp | Updated on August 21, 2009

CHICAGO-Cohen Financial has secured a $23 million refinancing for the recently opened 85,300-square-foot Whole Foods at 1550 N. Kingsbury. The Chicago-based real estate capital services firm obtained a five-year, fixed rate loan for the three-story building, which sits on more than three acres in Chicago’s Lincoln Park neighborhood. Opened in late May, this location is the third largest Whole Foods location in the world, following flagship stores in London and Austin, TX.

“We firmly believe that our ability to structure a large and complex transaction within the current economic climate showcases our range of lender relationships, brand recognition and ability to secure terms that meet client needs,” Jack Cohen, CEO of Cohen, says. The non-recourse loan was arranged by Joel Simmons. The lead lender on the deal was Milwaukee, WI-based TCF National Bank.

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