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Highlights
Seattle-based Washington Capital filed a $42.6 million foreclosure lawsuit against 601W Companies for its Tesla-leased property at 717 South Desplaines Street in Downtown Chicago.
The default follows the loan's May 2026 maturity date, with lenders now seeking a property sale and receivership.
The foreclosure adds to 601W's mounting distress, including a default at 1 South Wacker Drive and a sought extension for the Aon Center.