Cushman & Wakefield’s Central Region Equity Debt & Structured Finance Group has arranged $10.5 million of senior mortgage financing for the O’Hare Distribution and Manufacturing Campus on behalf of Guggenheim Partners Real Estate LLC.
The property is built on a 21.72 acre site and is 100 percent leased and occupied by Transilwrap (247,000 square feet), Hunter Panels (225,000 square feet) and King Supply (64,800 square feet) totaling 536,800 square feet. The warehouse distribution and manufacturing facility located in Chicago’s Western Cook County industrial submarket is situated in an infill location with access to I-90, I-294, I-290 and O’Hare International Airport. The 10-year fixed-rate loan was originated by KeyBank National Association.
“We were surprised by the level of competition from both national and regional banks for this opportunity,” said Chuck Hoag, managing director for Cushman & Wakefield Equity Debt & Structured Finance in Chicago. “They were attracted by the strong tenant financials and the tight O’Hare industrial submarket.”
Hoag, together with Cushman & Wakefield’s Jeffrey Cohen and Trisha Connolly, represented Guggenheim Partners Real Estate in arranging the financing.
