HFF Gets $34M for Kingsbury Square

CHICAGO—HFF has just arranged a $34 million refinancing for Chicago’s Shops at Kingsbury Square, a class A retail center anchored by a national flagship Whole Foods. The company worked on behalf of Deerfield, IL-based CRM Properties Group, Ltd., and placed the 15-year, fixed-rate loan with State Farm Life Insurance Co. HFF also plans to service the loan.

The Shops at Kingsbury sits on 3.15 acres at 1550 N. Kingsbury St. three blocks west of the North and Clybourn Avenues and Halsted St. intersection and just southwest of the affluent Lincoln Park neighborhood. The 100% leased center was completed in 2009. Whole Foods anchors the center and HFF officials say it is one of the largest and highest producing Whole Foods stores in the US.