$63M Secured for 704K-SF Chicago Industrial Portfolio

JLL has secured the $63 million financing for the Chicagoland Industrial Portfolio, consisting of five Class A industrial buildings in the Chicago MSA.

JLL worked on behalf of the owner, Stream Realty Partners, to secure the fixed-rate, five-year loan. The JLL Debt Advisory team was led by Senior Managing Director Colby Mueck, Senior Director Brian Walsh and Associate Tara Hagerty. The portfolio serves 10 diverse tenants spanning industries such as IT, electronics manufacturing, healthcare, construction, food distribution and government agencies.

The portfolio comprises the following properties: Asbury Drive, a 157,500-square-foot building located at 850 Asbury Drive in Buffalo Grove in the Lake County submarket; Rockwell Logistics Center, a 174,262-square-foot building located at 2545 W. 24th Street in Chicago in the City South submarket; Mokena Logistics I and II, 268,226 square feet across two buildings located at 8965 and 8905 W. 187th Street in Mokena in the Joliet submarket; and Halsted Pershing Business Center, a 104,008-square-foot building located at 815 W. Pershing Avenue in the Stockyards submarket.