HFF secures $9.9M refinancing for multi-tenant industrial property in Chicago

LOS ANGELES, CA – The Los Angeles and Chicago offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have secured a $9.9 million refinancing for 9201 Belmont Avenue, a 536,800-square-foot industrial building in Chicago’s Franklin Park area.

HFF managing director Todd Sugimoto (top right photo) and director Kenneth Glomb worked on behalf of the borrower, Guggenheim Real Estate LLC, to secure the fixed-rate loan with American National Insurance Co.

This is HFF’s third transaction in the last 45 days on behalf of Guggenheim, having recently arranged the financing of Bear Valley Shopping Center (bottom left photo)  in Denver, Colorado and 800 Brickell in Miami, Florida.

9201 Belmont Avenue is situated less than three miles east of Chicago’s O’Hare International Airport close to the Tri-State Tollway approximately 12 miles northwest of downtown Chicago. The property is fully occupied.

Guggenheim Real Estate LLC manages an open-end diversified real estate portfolio.

 Guggenheim Real Estate LLC is a dedicated real estate investment manager with offices in New York, Boston, Chapel Hill, Charlotte and San Francisco that provides investors with a diversified core-plus real estate portfolio across a wide spectrum of the real estate market, including REITs, direct properties, mezzanine debt and private funds.

Contacts:


Todd Sugimoto, HFF Managing Director, (310) 407-2100, tsugimoto@hfflp.com
Kenneth Glomb, HFF Director, (312) 528-3650, kglomb@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com