CBRE has secured $7.2 million in refinancing for Kroger Chicago’s newest last mile industrial logistics facility at 1900 South Maywood Drive in Maywood, Illinois.
Bruce Francis, Bob Ybarra, Doug Birrell, Shaun Moothart, Nick Santangelo and Jim Korinek with CBRE secured a 12-year term, full-term interest only with a spread of +140 over the 10-year Treasury on behalf of the owner, Pacifica Real Estate Group, a Southern California-based investment company that holds a portfolio of industrial, office, medical office and multifamily residential properties across the nation.
The 79,869-square-foot last mile logistic building has 32-foot clear height, dock-high and grade-level roll-up doors, and excess parking for trailers and cars. The facility is approximately 13 miles from Downtown Chicago, near Interstate 290 (Eisenhower Expressway).
Kroger has occupied the property since its completion in 2022, serving as one of its new urban delivery stations. The company has signed a long-term triple net lease for the building.
