JLL Capital Markets arranged $59 million in refinancing for a three-building industrial portfolio totaling 647,717 square feet across the Cincinnati and Chicago metropolitan areas.
JLL worked on behalf of the borrower, Brennan Investment Group and Reinsurance Group of America, Incorporated, to secure the five-year loan through a regional bank.
The Midwest Industrial 3-Pack comprises two Class A facilities in Fairfield, Ohio, within Cincinnati’s Tri-County submarket, and one Class A property in Hoffman Estates, Illinois, positioned in Chicago’s Northwest Cook County submarket.
All three buildings were completed in 2023 and feature modern industrial specifications including 32-foot clear heights, LED lighting with motion sensors, ESFR sprinkler systems and concrete tilt-wall construction. The portfolio is fully leased to a mix of tenants serving logistics, distribution, manufacturing, packaging and thermal processing industries.
The Cincinnati properties, known as Seward Pointe Commerce Park, include a 282,420-square-foot building at 3770 Symmes Rd. and a 163,621-square-foot building at 8551 Seward Rd. Both facilities are strategically positioned northwest of the Seward Rd. and Symmes Rd. intersection in Fairfield’s established industrial corridor with direct access to State Route 4, providing connectivity to Interstate 75 and Interstate 275.
The Chicago asset, known as The Ninety Logistics Center, encompasses 201,676 square feet at 2685 Eagle Way in Hoffman Estates. Located at the southwest intersection of Eagle Pointe Dr. and West Ring Rd., the property sits directly east of the Interstate 90 and Barrington Road interchange, offering immediate highway access and positioning within 20 minutes of O’Hare International Airport.
The JLL Capital Markets team was led by Senior Managing Director Matthew Schoenfeldt, Managing Director Lucas Borges, Senior Director Brian Walsh, Associate Michael Gurwin and Senior Analyst Christian Johnston.
