Vishal Vanjani and Ben Markiles of Resolute Structured Capital arranged 75% LTV acquisition financing with a national bank for MAG Capital Partners’ purchase of 1001 State Street in Chicago Heights, Illinois. The 240,000-square-foot property serves as the headquarters and manufacturing facility for Applied Acoustics International (AAI).
AAI is a Tier 1 supplier of noise, vibration and harshness solutions to the North American automotive industry, producing damper and barrier products for new automobiles since 1986.
Situated on 15.78 acres with on-site rail access, 1001 State Street is approximately 22 miles southwest of Gary Chicago International Airport and 40 miles south of O’Hare International Airport.
