JLL Capital Markets announced that it, on behalf of Unilev Capital Corporation, arranged acquisition financing of $8,050,265 for a two-property portfolio totaling 90,849 square feet of small-bay, light industrial space in Chicago.
Working on behalf of the borrower, Beverly Hills-based Unilev Capital (Unilev), JLL placed the financing with a national bank.
The financing comes on the heels of Unilev’s recently launched industrial platform, which has proceeded to acquire $120 million worth of industrial across more than 850,000 square feet throughout the country, with a particular focus on multi-tenant, small-bay product located in dense, infill markets. Their initial acquisition efforts have been focused on the Midwest and Las Vegas, in addition to various coastal markets. Recent acquisitions include 10 Chicagoland assets.
The Unilev investment team, led by Raymond Levy, Ian Konowitch and Peter Berges, is looking to continue to expand their industrial holdings dramatically as they identify assets that fit their criteria while taking advantage of asset specific tail winds and moving quickly in their acquisition of transactions within their target profile.
JLL Capital Markets has been heavily involved in the growth of this platform, functioning as an intermediary on the financing side of most of the transactions while also providing the Unilev team opportunities on the sale side. Several recent acquisitions have been acquired in joint venture with an affiliate of Palladius Capital Management.
Of the new assets in Unilev’s growing industrial portfolio, JLL has arranged acquisition financing for 11 of them, including the 10 Chicagoland properties, 1180 Douglas Road and 900, 902 and 950 Paramount in Batavia; 24317 W. 143rd St. in Plainfield; 1000 W. Crossroads Parkway in Bolingbrook; 5201-5241 Thatcher Road in Downers Grove; 700 Anthony Trail in Northbrook and 405-421 Heathrow Ct. in Burr Ridge, along with Woodridge Commerce Center at 10204, 10210 and 10216 Werch Ave. in Woodridge.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director and Los Angeles Capital Markets Office Co-Head Jeff Sause, Senior Director Brian Walsh and Associate Wyatt Strahan.
