Premier Fulton Market luxury tower secures $124.6M refinancing amid Chicago’s strong multi-housing fundamentals

CHICAGO, July 8, 2026 –  JLL Capital Markets announced today that it has secured a $124.6 million refinancing for Arthur on Aberdeen, a newly stabilized luxury residential tower in Chicago's transformative Fulton Market neighborhood.

JLL represented the borrower, LG Development Group LLC, in arranging the three-year, floating-rate loan through Pacific Life Insurance Company.

Arthur on Aberdeen, located at 210 N. Aberdeen St., represents a best-in-class addition to Chicago's urban core. The 363-unit, 18-story community delivered in 2024 and achieved 92% occupancy while absorbing approximately 20 units per month during lease-up, demonstrating robust demand in one of the city's most dynamic submarkets.

The property features an exceptional amenity package including a resort-style rooftop pool and spa with unobstructed skyline views, the West Loop's largest fitness center spanning over 2,000 square feet, a podcasting studio and co-working spaces. The community also includes approximately 10,000 square feet of fully leased ground-floor retail space.

Chicago's urban core continues to outpace national trends with 6.5% effective rent growth year-over-year and occupancy rates of 97%, while forecasted deliveries remain below 1% of existing supply over the next 12 months. The West Loop submarket has experienced 80% population growth since 2010, with average home values reaching $680,000 and a highly educated resident base where 88.93% hold bachelor's degrees or higher.

Arthur on Aberdeen benefits from strategic participation in Chicago's 2021 Affordable Requirements Ordinance program, providing a 30-year tax abatement schedule that generates significant cash flow advantages while maintaining 20% affordability at 60% of area median income.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Danny Kaufman, Director Medina Spiodic, Vice President Rebecca Mitchell, Senior Analyst Merrick Evans and Analyst Annie Thomas.

"Arthur on Aberdeen exemplifies the caliber of institutional-quality development that continues to thrive in Chicago's supply-constrained urban core," said Kaufman. "The property's rapid lease-up, strong lease trade outs and accretive tax structure demonstrate why trophy assets in irreplaceable locations like Fulton Market command lender confidence."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.