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Chicago & Midwest  + Downtown  + Industrial  |  May 2, 2024
Jasmine Kilman
By: Jasmine Kilman

Byline Bank Provides $14M to Finance Construction of TX Industrial Building

Byline Bank’s Commercial Real Estate Group has closed on $14 million in financing for the construction of a 257,000-square-foot industrial building in San Antonio, Texas.

The borrower is a joint venture between TradeLane Properties Fund III and Phelan Development Company. Byline was represented in this transaction by the law firm Holland & Knight, and TradeLane was represented by Franklin Law Group.

This loan, the thirteenth transaction Chicago-based Byline has financed for TradeLane and its affiliates, will help fund the ground-up development of a 32-foot clear, rear-load industrial building. The location provides easy access to the airport and the City of San Antonio, as well as to the rest of the region via I-35 and I-10.

“With turbulent debt markets and a desire to break ground quickly, TradeLane turned to Byline Bank as a strong relationship lender to quickly deliver a commitment,” said Matt Robertson, Senior Vice President of Byline’s Commercial Real Estate Group.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!

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Inside The Story

Byline BankTradeLane PropertiesPhelan Development Company

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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