Wells Fargo Bank Provides $150M Construction Loan For Development Site In Chicago

1237 West Division Street, Chicago, Illinois 60610, United States

$150,000,000

$125/SF

Building Size

1,200,000 SF

Asset Type

Development Site

Closing

Aug 30, 2022

AI

Located at 1237 West Division St in Chicago, this development site spans across 11.5 acres with a building square footage (BSF) of 1,200,000. The property, owned by Logistics Property Co., recently underwent a closed transaction.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $150,000,000
Loan Type: Construction Loan
Lender: Wells Fargo Bank - Michael Svets & Jeff Goodman; Inland Bank & Trust; Associated Bank

Wells Fargo Bank, represented by Michael Svets and Jeff Goodman, played a prominent role in providing the construction loan for this deal. Alongside Wells Fargo, Inland Bank & Trust and Associated Bank also contributed to the financing.

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