Tishman Speyer has refinanced The Franklin, its two-tower office complex in Chicago’s West Loop, with a $340 million commercial mortgage-backed securities loan.
The single-asset, single-borrower loan was led by JPMorgan, with Bank of America and Deutsche Bank serving as co-lenders. Proceeds from the five-year, floating-rate loan, structured with a two-year initial term and three 12-month extension options, will be used to pay off The Franklin’s exist-ing loan and fund ongoing leasing efforts.
Tishman Speyer has secured 460,000 square feet of new leases and extensions since June 2025 at The Franklin, which is now 84 percent leased. Notable office customers at the 2.5 million-square-foot campus include The Options Clearing Corporation, Robert W. Baird, Amazon Web Services, Guggenheim Partners, and The Trade Desk.
“This successful refinancing reflects the strength of The Franklin and the continued demand for premier, amenity-rich workplaces in prime locations
