Zeller Realty isn't selling LaSalle Plaza. The Chicago-based commercial real estate company recently completed a refinancing of LaSalle Plaza with U.S. Bank Commercial Real Estate, a unit of Minneapolis-based U.S. Bancorp. Neither Zeller or US Bank would disclose terms of the deal, but sources estimated the loan was worth about $92 million. The refinancing will enable Zeller to reduce its borrowing costs, reinvest cash-flow in the property and complete the leasing and construction of some remaining...
Source: http://feeds.bizjournals.com/~r/twincities_blog_realestate/~3/hZUlEYiCKUo/zeller-refinances-lasalle-plaza-with.html
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