Condor Partners

Condor in the Press

Business Wire: Northlight Capital Partners and Condor Partners Announce Refinancing & Future Funding for Mural Park

“Condor Partners and Northlight Capital Partners, with JP Partners brokering the deal, are pleased to announce new funding for Mural Park, a 200,000-square-foot, Class A office project in Chicago, Illinois. The loan, provided by Northlight Capital Partners, will refinance the existing debt, provide funds to support the continued lease-up of the project, and expand parking for the building.”

The Real Estate Moguls Podcast: Michael McLean, Jr: Leadership, Trust, and Building Communities

“Michael McLean, Jr. has spent his career redefining what it means to be a real estate developer. As the managing partner of Condor Partners, he isn’t content to simply build spaces—he’s committed to revitalizing entire communities. “We don’t just helicopter in, put up a building, and leave,” Michael shared. “We’re there to stay, to engage, and to ensure what we build remains a positive influence for generations.”

“Michael McLean knows a thing or two about real estate development. His company, Condor Partners, has worked on several projects across the Chicago area, but Evanston is his home. It’s where he’s raised his kids and spends his time. It’s also where, in recent years, he’s completed two projects that have made a significant impact on the city’s housing. One of them, Trulee Evanston, the nine-story senior living community on Ridge Avenue, has become increasingly popular since opening in 2021 and is now nearly completely full, with long-term independent living, assisted living and memory care.

–
Matthew Eadie, Evanston Now

“Several of Chicago’s largest commercial real estate deals during the pandemic have occurred in the health care sector…Mural Park is a re-development of two 100-year-old, 100,000- square-foot industrial loft buildings in South Chicago. HCSC will occupy one of the buildings in its entirety. “

– Larry Getlan, Commercial Observer

“McLean, of Condor Partners, who lives in Evanston, said the project proved that it is possible to “hire locally and buy locally” for development, and “to be as true a community partner as possible.”

– Bill Smith, Evanston Now

“We sifted through dozens of event spaces that have opened or have been significantly renovated in the past 15 months to come up with a list of the top spots in the Chicago area.”

– Tate Gunnerson, Crain’s Chicago Business

“This extraordinary property will benefit from Condor’s background in delivering creative luxury projects in Chicago and Solera’s focused, forward-thinking operational platform.”

– Joel Mendes, JLL

“Mural Park is the preeminent office redevelopment project in Pilsen and Chicago’s near South Side, and the long-term lease with HCSC validates this emerging submarket as the next prime office destination,” said Dowdell. “Tenants can tap into Pilsen’s local workforce as well as the city’s downtown talent while achieving affordable and quality office space in an authentic neighborhood close to the traditional downtown commercial office district.”

– Jeff Dowdell, Transwestern

“Mural Park has been one of the most exciting developments in Pilsen to date and in working with Condor our goal has always been to make this a place for both the community and business,” said Gonzalez. “We believe that 5 Rabbit perfectly represents the cultural integrity of Pilsen. 5 Rabbit’s new setting will allow for great interaction between the brewery and this beloved neighborhood to further the collective goal of diversity through inclusion.”

– Jose Gonzalez, REjournals