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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  May 6, 2019
Paul Bubny
By: Paul Bubny

$5.6M Bridge Loan Funds McHenry Industrial Deal

Chicago-based Associated Bank has completed a $5,560,000 bridge loan to Midwest Industrial Funds for the acquisition of a 218,000-square-foot industrial/warehouse facility at 1301 Ridgeview Drive in McHenry, IL. SVP Krista Casper of Associated’s commercial real estate division originated the loan.

Built in 1995, 1301 Ridgeview is located on almost 20 acres and has 20 exterior loading docks with exterior parking for 519 cars and 40 trailers. Approximately 50% of the space is leased to Disk.com, also known as Corporate Disk Company.

Midwest Industrial Funds is a vertically-integrated industrial real estate investment, development, asset management and advisory company. The Oak Brook, IL-based company has acquired, developed and sold more than six million square feet of industrial buildings and more than 290 acres of land valued in excess of $300 million.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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