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Chicago & Midwest  + Illinois  + Industrial  |  August 15, 2024
Jasmine Kilman
By: Jasmine Kilman

Byline Bank Closes $19M in Financing for Industrial Properties in IL, NJ

Byline Bank’s Commercial Real Estate Group (BCREG) announced the closure of $19.1 million in financing for six industrial properties for VK Industrial Holdings VI, LLC, an acquisition fund formed through a partnership between Venture One Real Estate and Kovitz Investment Group.

VK Industrial Holdings VI, LLC’s substantial financing is for six largely stabilized industrial warehouse properties located in the bustling markets of Chicagoland and New Jersey — both vital hubs for industrial activity. This is the third deal Venture One has executed with Byline Bank.

“We are happy to support Venture One Real Estate and Kovitz Investment Group in this transaction, which continues BCREG’s strategy of building lasting relationships with best-in-class real estate investors and developers,” says Sarah Hunter, Senior Vice President of Commercial Real Estate for Byline Bank.

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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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