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JLL Lines Up Acquisition Debt for Woodridge Industrial Complex
JLL Capital Markets arranged $13.18 million in acquisition financing for Woodridge Commerce Center, a 97%-leased, three-building shallow-bay industrial complex totaling 148,012 square feet in Woodridge, IL. The JLL Capital Markets Debt Advisory team representing the borrower, making its first Chicago-area acquisition, was led by managing director Jeff Sause and senior director Brian Walsh.
JLL worked on behalf of the borrower, a programmatic joint venture between Unilev Capital and real estate investor Nitin Chexal, the co-founder and CEO of Palladius Capital Management, to place the three-year, floating-rate non-recourse acquisition loan with Wells Fargo Bank.
Woodridge Commerce Center is home to 21 diverse tenants in the engineering, business services, food, healthcare, wholesale trade, manufacturing and logistics industries. Completed in 2006, the buildings feature a total of 21 dock-high doors, 24 grade-level doors, clear heights ranging from 18 to 20 feet and ample parking.
- ◦Financing
