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Investcorp, Brennan Secure $56M Acquisition Loan
Cushman & Wakefield recently represented Investcorp International Realty, Inc. and Brennan Investment Group in securing $55.8 million in acquisition financing from CIBC for the Regent O’Hare Industrial Portfolio in Elk Grove Village, IL. Jeff Altenau, Gideon Gil, and Zach Yarnoff represented Investcorp and Brennan.
Regent O’Hare is comprised of eight, urban-infill industrial buildings totaling 955,460 square feet, located in the O’Hare submarket. The portfolio is 92% leased with a granular rent roll featuring 55-plus distinct tenants.
“Industrial is perhaps the most sought-after asset class in the current environment, so the Regent O’Hare portfolio drew intense interest from top lenders,” said Altenau. “What’s more, they were attracted to Investcorp’s and Brennan’s strength and experience in industrial, particularly in the Chicago market.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
