Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
First Citizen Bank’s CIT Division in $29.9M Industrial Loan

First Citizen Bank’s CIT Division in $30M Industrial Loan 

CIT, a division of First Citizens Bank, said its real estate finance business has provided a $29.9 million loan for the acquisition of a portfolio of industrial buildings in Greater Chicago by Aminim Group.

The portfolio consists of three industrial buildings, all of which are in close proximity to the major four-way interchange I-294, and two of which are located within one mile from O’Hare International Airport. The buildings are currently fully leased by six tenants in various industries.

“The convenient location of these properties in a growing market, and with easy access to the I-294 freeway, makes them an attractive investment,” said Nir Kriel, CEO of the Aminim Group and the Apexus Logistics discretionary Fund. “We appreciated CIT’s ability to close the loan swiftly, which helped enable a seamless, successful transaction.”

Aminim Group is a privately held, commercial real estate investment company based in Houston, Texas and Jerusalem, Israel.

Connect

Inside The Story

Nir Kriel

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

  • ◦Sale/Acquisition