JLL Capital Markets arranged $22.5 million in financing for a four-property, shallow-bay industrial portfolio totaling 382,762 square feet in the Chicago metropolitan area. The financing included proceeds for the refinance of three assets and the acquisition of a fourth property.
JLL worked on behalf of the borrower, Unilev Capital Corporation and an affiliate of Palladius Capital Management, to secure the $22.5 million loan through a correspondent life insurance company.
The portfolio consists of Arlington Center, a two-building, 213,963-square-foot complex in Arlington Heights; Stanley, a five-building, 56,416-square-foot asset in Elk Grove Village; Remington, a 51,662-square-foot property in Schaumburg; and Old Willow Industrial Complex, a 12-building, 60,721-square-foot asset in Northbrook (acquisition). The properties are all 90%+ leased to diverse tenant rosters.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Jeff Sause, Director Chad Morgan, Senior Director Brian Walsh and Associate Lauren Sackler.
The Unilev team was led by Managing Principal Raymond Levy, Chief Investment Officer Ian Konowitch and Vice President of Investments Peter Berges.
