Monday, March 31, 2014

HFF arranges $19.8 million financing for Cantera Meadows in suburban Chicago


Cantera Meadows office building, 28100 Torch Parkway, Warrenville, IL

CHICAGO, IL – HFF announced today that it has arranged $19.8 million in financing for Cantera Meadows, a 203,842-square-foot, Class A office property in Warrenville, Illinois.

               HFF worked on behalf of Adventus Realty Services, Inc. (as trustee for Adventus Realty Trust) to secure the 10-year, 4.98 percent, fixed-rate loan with JPMorgan Chase Bank, National Association.  The securitized loan was used to purchase the property and will be serviced by HFF.

Christopher Carroll
               Cantera Meadows is located on an 11.8-acre site at 28100 Torch Parkway along the north side of Interstate 88 at the Winfield Road interchange. 

The property is within the Cantera master-planned development in Chicago’s western suburbs.  Completed in 1997 and renovated in 2011, the eight-story property features a full-service cafeteria, fitness center, multiple conference facilities and parking for 810 vehicles. 

Tenants at the 92 percent leased property include EN Engineering, LLC, Patterson Medical Supply, Inc. and Symbria, Inc.

               The HFF debt placement team was led by managing director Christopher Carroll.

Adventus Realty Trust is a private Real Estate Investment Trust (REIT) formed in early 2012. Adventus is based in Vancouver, British Columbia, Canada, and is focused on US income producing commercial real estate, primarily in the suburban office market of Chicago, Illinois.


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

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

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