JLL Capital Markets arranged $64 million in refinancing for TradeLane Properties’ Midwest Light Industrial Portfolio, a collection of 13 industrial assets totaling 1,072,021 square feet in prime infill submarkets across Chicago and Cincinnati.
JLL worked on behalf of the sponsor, TradeLane Properties, to secure a floating-rate, five-year loan through a super-regional bank. The interest rate was fixed via a swap transaction, provided by JLL’s internal hedging and derivatives team, Kensington Capital Advisors.
The portfolio comprises 13 properties in Chicago’s top-performing industrial submarkets, including Northwest Cook, Lake County, North DuPage and Fox Valley, plus one strategic asset in Cincinnati’s Tri-County submarket. The properties are fully leased to 17 tenants, with industries ranging from automotive and food users to manufacturing, distribution, e-commerce and pharmaceuticals.
The Chicago properties feature modern loading capabilities with multiple dock doors and flexible office configurations that accommodate diverse industrial uses. The Cincinnati property was recently expanded from 150,000 to 300,073 square feet to accommodate the tenant’s growth and further commitment to the asset.
The portfolio benefits from exceptional transportation access, with properties strategically positioned near major highways including I-94, I-294, I-90 and I-88 in Chicago, providing efficient distribution capabilities throughout the Midwest region. The Cincinnati property offers similar logistical advantages within the Tri-County submarket, which is Cincinnati’s largest industrial submarket and located proximate to the I-275 and I-75.
