Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

CBRE refinances $7.2M for Kohl’s in Round Lake Beach

Staff Writer April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

CBRE secured the financial loan of a single-tenant retail building occupied by Kohl’s located at 230 East Rollins Road in Round Lake Beach, Illinois for $7.2 million. CBRE’s Capital Markets’ Debt and Structured Finance team, including Bruce Francis, Dana Summers, Bob Ybarra, and Shaun Moothart, worked on behalf of Texas-based Regional Apartments Grapevine LLC.

“Having a loan with 10-year interest only financing will provide the investor an exceptional long-term cash flow stream based on the interest-only amortization on the loan. The borrower was very pleased with the loan terms,” says Summers.

The 87,000 square foot property had 10 years remaining on its absolute triple net lease. CBRE sourced a 10 year interest only loan at a 58 percent loan to value and 4.31 percent fixed loan. The lender was Barclays Capital and the sponsor was a high net worth private investor out of California.

The property is located in Round Lake Beach’s main retail corridor with an average traffic count of 28,000 vehicles per day. Other retailers include Home Depot, Hobby Lobby, Walgreens, Office Max, Big K Mart, Regal Cinemas, Famous Footwear, Wendy’s, Panera Bread, Chili’s, Applebee’s, McDonald’s, Joann’s Fabrics, Ace Hardware, KFC, Taco Bell, Firestone, Chipotle, Buffalo Wild Wings, and AutoZone. In addition, the property is in proximity to the North Central Service commuter rail, stretching from Antioch to downtown Chicago.

Tags
Homepage
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasOffice

JLL Capital Markets closes sale of 106,310-square-foot office building in Houston

July 18, 2025
WisconsinMultifamily

McShane Construction Company to build 76-unit affordable-housing development in Madison

July 18, 2025
TexasRetail

Adolfson & Peterson Construction to renovate former Oak Lawn Design Plaza in Dallas

July 18, 2025
IllinoisHealthcare

NAI Hiffman brokers long-term lease renewal for 174,855-square-foot medical office building in New Lenox

July 18, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com