Much Shelist Represents Wintrust in Halsted Place Loan
Much Shelist represented Wintrust Bank in a recent acquisition and construction loan for the Halsted Place portfolio in the Lincoln Park neighborhood of Chicago. Wintrust provided financing to The Laramar Group for the purchase and renovation of the 11-building complex from a group led by Golub & Co.
The 132,000-square foot residential and mixed-use complex features 143 apartments and 15,000 square feet of retail. Bordered by Halsted, Dayton and Willow Streets, the parcels include a range of building types, from contemporary low-rise buildings with private balconies to vintage brownstones. Laramar plans a number of capital improvements to the properties.
“We were very pleased to be part of this important transaction in a premier city location,” said Courtney E. Mayster, principal and co-chair of the Real Estate Law practice group at Much Shelist. “The sale reflects vigorous investor interest in the apartment market, which has been growing steadily since the economic recovery began.”