Inland Bank and Trust facilitated a $5,175,000 acquisition term loan for a 92,000-square-foot industrial building in Bedford Park, Illinois. The property is 100 percent occupied by a national distribution operator.
Gia Tomaszewski, assistant vice president of Inland Bank, originated the loan. The transaction consisted of a sale-leaseback, in which the tenant will lease back the warehouse property from the purchaser. The property is subject to a new, long-term, absolute net lease to the tenant, who will continue to operate the facility.
“Inland Bank is proud to partner with a prominent commercial real estate operator in a market where we strive to maintain a strong presence,” said Tomaszewski. “The property benefits from its location in proximity to a large population basis, expressways and Midway International Airport. The tenant has a long operating history at this location and has re-affirmed its commitment to the location by committing to a 10-year lease with multiple options to extend.”
