JPMorgan Chase is looking to offload a $270 million loan on a 46-story Chicago office tower after its owner failed to pay off the debt early this year, providing yet another opportunity for bargain-hunting real estate investors.
JPMorgan looks to sell $270 million loan after owner of Chicago office tower defaults
Landlord Spear Street failed to pay off debt in January
By Ryan Ori
CoStar NewsNovember 21, 2025 | 8:12 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- JPMorgan Chase & Co.
Finance and Insurance
- Spear Street Capital
Finance and Insurance
- Contacts
- Jaime Fink
Senior Managing Director & Managing Broker, JLL
- Sam DiFrancesca
Senior Director, Capital Markets, JLL
- Tom Hall
Senior Managing Director, JLL
- Bruce Miller
Senior Managing Director, Office Group Leader, JLL