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Chicago & Midwest  + Greater Chicagoland  + Finance  | 

JLL Lines Up Acquisition Debt for Woodridge Industrial Complex

JLL Capital Markets arranged $13.18 million in acquisition financing for Woodridge Commerce Center, a 97%-leased, three-building shallow-bay industrial complex totaling 148,012 square feet in Woodridge, IL. The JLL Capital Markets Debt Advisory team representing the borrower, making its first Chicago-area acquisition, was led by managing director Jeff Sause and senior director Brian Walsh. 

JLL worked on behalf of the borrower, a programmatic joint venture between Unilev Capital and real estate investor Nitin Chexal, the co-founder and CEO of Palladius Capital Management, to place the three-year, floating-rate non-recourse acquisition loan with Wells Fargo Bank. 

Woodridge Commerce Center is home to 21 diverse tenants in the engineering, business services, food, healthcare, wholesale trade, manufacturing and logistics industries. Completed in 2006, the buildings feature a total of 21 dock-high doors, 24 grade-level doors, clear heights ranging from 18 to 20 feet and ample parking. 

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JLL's Sause

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).

  • ◦Financing
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