Latest news with #Northlight
Business Wire
21-04-2025
- Business
- Business Wire
Northlight Capital Partners and Condor Partners Announce Refinancing & Future Funding for Mural Park
CHICAGO--(BUSINESS WIRE)--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. This redevelopment project has transformed two historic industrial buildings into modern, Class A brick-and-timber loft office buildings designed for today's modern tenants. "Beginning in 2024, Northlight began looking at the office credit market as a compelling special situation investment opportunity," said Ben Gerig, Chief Executive Officer of Northlight Capital Partners. "We are excited to work with Condor and look forward to bringing capital to Mural Park as they continue to execute on their business plan and lease up strategy." Mural Park is located in Chicago's historic Pilsen neighborhood – named one of the world's 12 coolest neighborhoods by Forbes in 2019. This redevelopment project has transformed two historic industrial buildings into modern, Class A brick-and-timber loft office buildings designed for today's modern tenants. Since opening in 2019, Mural Park has leased 150,000 square feet of office space, including over 130,000 square feet since the onset of the COVID-19 pandemic. Tenants include HCSC (Blue Cross Blue Shield Parent), One Hope United, Noble Charter Schools, Relay Graduate School of Education, Puratos, OneSix Solutions, Eversight, and 5 Rabbit Cerveceria. 'The genesis of this project was anchored in community engagement, public benefit, and a commitment to positive, regenerative impact,' said Michael McLean Jr, Partner at Condor Partners. 'The result is a resilient and successful project that continues to defy the market and attract tenants. We greatly appreciate Northlight's ability to look past the noise and recognize the unique way Condor approaches development. Our investment in communities shifts the dynamics, and ultimately delivers stronger, more meaningful results.' Mural Park recently welcomed One Hope United, a nonprofit organization serving over 10,000 children and families annually across Illinois and Florida, with more than 800 employees and 9 locations. The organization took possession of 14,000 square feet of custom-built space in March, bringing the project to 75% leased and occupied. Additionally, 5 Rabbit Cerveceria is now under construction of a 12,000sf restaurant and mircrobrewery after years of pandemic-related delays. 'We are excited to reintroduce Mural Park to tenants seeking standout office space in Chicago,' said Konstantine Sepsis, Avison Young. 'Its continued leasing, even through challenging times, is a testament to the truly special nature of this project.' About Northlight Capital Partners, LLC Northlight Capital Partners, LLC ('NCP') is a middle-market real estate credit specialist and fund manager headquartered in Westport, CT. The company manages capital on behalf of various institutional, endowment and family office clients. Since 2011, NCP has managed and advised on investment vehicles totaling more than $500 million of capital, originating special situation debt and preferred equity and acquiring sub and non-performing loans. For more information, please visit About Condor Partners Condor Partners, a boutique development firm with over 100 years of combined experience, goes beyond creating structures. We're passionate about building vibrant communities. We seek unique opportunities to uplift neighborhoods, ethically revitalizing existing landscapes while pioneering new and innovative ones. For more information, please visit
Chicago Tribune
17-04-2025
- Entertainment
- Chicago Tribune
Northlight Theatre looks locally for its final season in Skokie
Northlight Theatre has announced a four-play subscription season for 2025-26, the final slate of shows at the North Shore Center in Skokie before Northlight's anticipated move into a new theater space that the 50-year-old Chicago-area company is building in Evanston. Artistic director BJ Jones said in an interview that Northlight is emphasizing the work of local writers and actors in the coming season. 'The World of Television' (Sept. 4 to Oct. 6), a play by Chicago scribe James Sherman, is the first title. This world premiere is set in mid-20th century TV broadcasting and will star veteran Chicago actress Cindy Gold as Gertrude Berg, best known for the CBS comedy drama 'The Goldbergs.' 'Gaslight' (Nov. 28 to Dec. 28) by Steven Dietz will run during the holidays. Jessica Thebus will direct this Victorian thriller, based on the original 1938 script of that name by Patrick Hamilton. Kate Fry and Timothy Edward Kane, a married Chicago acting couple, have signed on as the leads. 'Mary Jane' (Jan. 22 to Feb. 22, 2026), the recent Broadway hit, will follow. Penned by Amy Herzog and directed at Northlight by Georgette Verdin, this highly emotional play looks at a single mother's dedication to her ill child. 'The Angel Next Door' (April 9 to May 10, 2026) will be the final show in the season. A world premiere by Paul Slade Smith, a longtime Chicago actor who became a playwright, the play follows the fortunes of a young novelist hoping to get his work to Broadway. Linda Fortunato directs. Chris Jones is a Tribune critic.
Chicago Tribune
31-01-2025
- Entertainment
- Chicago Tribune
Review: In ‘The Heart Sellers' at Northlight, newcomers compare notes on their adopted homeland
The new show at the Northlight Theatre in Skokie is titled 'The Heart Sellers,' a riff I believe on the Hart-Celler Act of 1965, the foundation of the still-current system of U.S. immigration that abolished a prior quota system in favor of potential immigrants' skills and family ties and was intended (in the contemporaneous words of President Lyndon Johnson) to encourage 'those who can contribute most to this country — to its growth, to its strength, to its spirit.' Playwright Lloyd Suh's play, which had its premiere in 2023 up the road at the Milwaukee Repertory Theatre, doesn't discuss federal legislation overtly. Rather, it's a 90-minute comedy set during Thanksgiving 1973 and focused on two documented U.S. immigrants, one from Korea and one from the Philippines, who meet in a grocery store and visit (and imbibe) with each other and bond over their shared experience as newcomers to the United States. It's a work designed to humanize and build empathy for Asian American immigrants: the two young women, Luna (Aja Alcazar) and Jane (Seoyoung Park) are lonely, vulnerable and somewhat bewildered by unfamiliar American customs but also whip-smart, fascinated by their new land and more than ready to experience all it has to offer. I imagine Northlight programmed the piece as a counterpoint to all the problems surrounding immigration: one never doubts for a moment that the two women, whose first days in America we are watching, will contribute substantially to their new home. And if you have found yourself steeped in all the current scorched-earth rhetoric, there is something very refreshing about being reminded of when immigration was seen more as an opportunity for all sides of the bargain. Suh's play is modest in structural ambition and, to be honest, it pushes its buddy-comedy theme past its natural limits. At times, I found myself craving something more substantial happening in real-time, beyond the nuances of character and the worries about the still-frozen turkey. If ever there were a two-person play in need of a third character, this is that play. There's some oomph at the very end of director Helen Young's production, but, to be frank, it feels more like a sudden coda than an organic resolution of where the play has been going all along. Suh had a really great and well-timed idea for this play, but you grasp its point of view early on and there needs to be a few more surprises beyond. More happily, the two performers you are watching on John Culbert's gentle set are charming indeed. Alcazar is a live wire who gives the production its energy. Park, a Korean-born actor who first came to Chicago to study, is emerging as a significant comic talent in the city (I base that comment on seeing her of late in several shows; Park is an ensemble member at the experimental theater known as TUTA Theatre). She's an accomplished physical comedian in the sketch-comedy tradition of such, but she's also old-school in the variety of reactions she can impart, often in a charmingly goofy way, and that speaks to the huge amounts of attention she pays to what her costar is saying here. Park could well make a national impact. As for a night out in Skokie, I wish the show focused more on getting harder laughs, adding specific details, building dramatic tension and thus deepening its affectionate portrait of valuable new Americans, understanding what they've given up, but also learning their way. Chris Jones is a Tribune critic. cjones5@ Review: 'The Heart Sellers' (2.5 stars) When: Through Feb. 23 Running time: 1 hour, 30 minutes
