JLL has successfully secured $63 million in financing for the Chicagoland Industrial Portfolio, which consists of five top-quality industrial buildings located in the Chicago metropolitan area.
Working on behalf of Stream Realty Partners, JLL’s Debt Advisory team led by Senior Managing Director Colby Mueck, Senior Director Brian Walsh and Associate Tara Hagerty was able to secure a fixed-rate loan with a term of five years. The portfolio is home to 10 diverse tenants from various industries such as IT, electronics manufacturing, healthcare, construction, food distribution and government agencies.
The properties included in this portfolio are Asbury Drive (located at 850 Asbury Drive in Buffalo Grove), Rockwell Logistics Center (located at 2545 W. 24th Street in Chicago), Mokena Logistics I and II (comprising two buildings totaling 268226 square feet located at 8965 and W.187th Street)and Halsted Pershing Business Center (located at815 W.Pershing Avenue). These properties span across different submarkets including Lake County,Buffalo Grove,City South,Joliet,Mokena,and Stockyards respectively.
Overall,this successful financing deal highlights JLL’s expertise and commitment towards delivering exceptional results for its clients within the commercial real estate industry.
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