 |
| 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 | www.hfflp.com
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