OREANDA-NEWS. January 31, 2013. Prudential Mortgage Capital Company provided a USD 105 million loan to Multi-Employer Property Trust as advised by its real estate advisor, Bentall Kennedy, to finance 200 West Madison, a 928,000-square-foot office tower in Chicago. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU).

The 10-year, fixed-rate loan is a first mortgage for MEPT on the property. Originally constructed in 1983 and significantly renovated over the last several years, the 45-story tower stands on the eastern border of Chicago’s West Loop, with access to major commuter transportation lines and area highways. The LEED® Silver and Energy Star certified building is within walking distance to the Ogilvie Transportation Center and Union Station. Dave Hendrickson and Keith Largay, of Jones Lang LaSalle’s Chicago office, arranged the transaction.

“This building’s quality and central location, combined with the quality of the sponsorship, made this transaction extremely attractive,” said Sarah Teunis, a director with Prudential Mortgage Capital Company’s New York City office who led the transaction in partnership with Bryan McDonnell, a principal with Prudential Mortgage Capital Company’s Arlington, Va., office.

The building, leased as a multi-tenant tower, offers floor-to-ceiling glass perimeters that allow for unobstructed views from all floors on the east and south sides. A sawtooth faзade with a dramatic three-story glass atrium provides maximum natural light and allows for up to eight corner offices or conference rooms. The building also offers such amenities as a staffed fitness center, tenants-only conference room, and a major coffee retailer on-site.