Gantry Secures $15M for Illinois Industrial Park Acquisition

Gantry has secured a $14.7 million permanent loan for the acquisition of Eastport Tech Center located at 1601,1605,1607, and 1609 Eastport Plaza Dr. in Collinsville, Illinois.

The four-building industrial park encompasses 202,508 square feet on 14.2 acres and serves the greater St. Louis MSA from an Illinois border location with direct access to major regional highways, including I-55, I-255, I-64, and I-70. The property is 100%-occupied in a multi-tenant format with a staggered rent roll.

Gantry’s Joe Monteleone, Principal, and Bonnie Monteleone, Senior Associate, with the firm’s St. Louis production office, represented the borrower, a private real estate company. One of Gantry’s correspondent insurance company lenders provided the five-year, fixed-rate loan, which features a 30-year amortization.

“This multi-tenant property’s strategic Metro East location, 100%-percent occupancy, staggered lease terms, and regional rent growth projections offered exceptional upside to an experienced sponsor,” said Monteleone.

Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!