Saturday, July 30, 2016

HFF secures acquisition loan for 5-property Chicago-area industrial portfolio

Christopher Carroll
CHICAGO, IL –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing for a five-property, fully-occupied industrial portfolio totaling 1.41 million square feet in the Chicago area.

HFF worked on behalf of the borrower, Transwestern Investment Group, to place the five-year, fixed-rate loan with a life company. The portfolio was acquired by TSP Value and Income Fund, Transwestern Investment Group’s discretionary value-add vehicle.  

The portfolio properties are: 3800 Sunset Avenue in Waukegan; 301-363 North Third Avenue in Des Plaines; 5300 Proviso Drive in Melrose Park; 7400 Richards Road in Bridgeview and 5100 West 123rd Street in Alsip. 

The properties have clear heights ranging from 21’ to 30’ and all have some percentage of office finish.  The portfolio is home to eight tenants, including Dulin Metals Co; Permasteelisa North America; Midland Paper Company; Keystone Automotive Industries and Cornfields, Inc.

 The properties are located just off major thoroughfares, including Interstates 294 and 94, providing access to the greater Chicago area, the Midwest and beyond.

The HFF debt placement team representing the borrower was led by managing director Christopher Carroll and senior managing director Brian Carlton.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |


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