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

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.