Cushman & Wakefield represented Investcorp International Realty, Inc. and Brennan Investment Group in securing $55.8 million in acquisition financing from CIBC for the Regent O’Hare Industrial Portfolio in Elk Grove Village, Illinois.
“Industrial is perhaps the most sought-after asset class in the current environment, so the Regent O’Hare portfolio drew intense interest from top lenders,” said Jeff Altenau who, along with Gideon Gil and Zach Yarnoff, represented Investcorp and Brennan Investment Group. “What’s more, they were attracted to Investcorp’s and Brennan’s strength and experience in industrial, particularly in the Chicago market.”
Regent O’Hare is comprised of eight, urban-infill industrial buildings totaling 955,460 square feet, located in the heart of Chicago’s coveted O’Hare submarket. The portfolio is 92 percent leased with a granular rent roll featuring 55+ distinct tenants.