$63 million financing secured by JLL Capital Markets for 704,000 SF industrial portfolio within Chicago, IL MSA

 

 Tara Hagerty

CHICAGO, IL, Oct. 25, 2024 –  JLL Capital Markets has secured the $63 million financing for the Chicagoland Industrial Portfolio, consisting of five Class A industrial buildings in the Chicago, Illinois MSA.

 

JLL worked on behalf of the owner, Stream Realty Partners, to secure the fixed-rate, five-year loan.

The JLL Debt Advisory team was led by Senior Managing Director Colby Mueck, Senior Director Brian Walsh and Associate Tara Hagerty.

 Colby Mueck

The portfolio comprises the following properties: Asbury Drive, a 157,500-square-foot building located at 850 Asbury Drive in Buffalo Grove in the Lake County submarket; Rockwell Logistics Center, a 174,262-square-foot building located at 2545 W. 24th Street in Chicago in the City South submarket; Mokena Logistics I and II, 268,226 square feet across two buildings located at 8965 and 8905 W. 187th Street in Mokena in the Joliet submarket; and Halsted Pershing Business Center, a 104,008-square-foot building located at 815 W. Pershing Avenue in the Stockyards submarket.

 

Brian Walsh

These premier distribution and warehouse facilities total 703,996 square feet, featuring suites ranging from 25,100 to 174,262 square feet with an average clear height of 32 feet. The portfolio serves 10 diverse tenants spanning industries such as IT, electronics manufacturing, healthcare, construction, food distribution and government agencies.

 

            Chicago industrial portfolio

Located in infill distribution sites or near key transportation networks within the Chicagoland MSA, the properties are situated in densely populated areas with extensive infrastructure and strong labor markets, enabling local and regional customer access.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

CONTACT

 Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

www.streamrealty.com