net lease N Illinois

Associated Bank loan refinances Orland Park Mariano's

  

Associated Bank announced the completion of a $25,000,000 loan to an affiliate of IM Properties PLC for the refinancing of Mariano's Fresh Market in Orland Park.

Associated Bank announced the completion of a $25,000,000 loan to an affiliate of IM Properties PLC for the refinancing of Mariano's Fresh Market in Orland Park.

The Mariano's store is located at 9504 W. 142nd Street and is a single-tenant, 73,180-square-foot property.

IM Properties recently sold a portfolio of three Mariano's stores in Illinois for a combined $116.3 million, a 40 percent return in less than four years.