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Tishman Speyer Chicago refinancing points to bright spot in office market

New $340 million debt for The Franklin underscores lender demand for premier properties despite falling values
The Franklin office complex in Chicago includes the 60-story tower at center and the 35-story tower directly to the left. (Robert Gigliotti/CoStar)
The Franklin office complex in Chicago includes the 60-story tower at center and the 35-story tower directly to the left. (Robert Gigliotti/CoStar)
CoStar News
August 27, 2026 | 5:51 P.M.

One of the nation's largest office landlords is seeking $340 million in fresh debt for a Chicago office complex, adding to a growing list of refinancing deals for high-profile properties that are bucking the broader office downturn.

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