FINANCED
Barber Partners Secures $57M Construction Loan For Plainfield Industrial Complex
West 143rd Street & South Steiner Road
Development Site
Financed 116 days ago
Summary
Loan
ILLINOIS
Development Site
A construction loan worth $57 million has been secured by Barber Partners, a Dallas-based company specializing in industrial refrigeration. The loan was obtained from Bank OZK for the development of a 390,000-square-foot industrial complex located at West 143rd Street & South Steiner Road in Plainfield, southwest Chicago.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $57,000,000
- Market: Plainfield
- Address: West 143rd Street & South Steiner Road
- Asset Type: Development Site
- Building Square Footage: 390,000
Barber Partners, represented by Nicholas Barber and Scott McGarity of Barber Partners, will be partnering with DSV for the project. The construction project aims to take advantage of the strategic location near the Interstate 55 corridor in order to cater to the increasing distribution needs in the Chicago area, given the growing supply of industrial space.
Details
FINANCED
IMAGE: Scott McGarity & Nicholas Barber
DATE: 01/16/2024
ADDRESS: West 143rd Street & South Steiner Road
MARKET: Plainfield
ASSET TYPE: Development Site ~ BSF: 390,000
LENDER: Bank OZK (@BankOZK)
LANDLORD: Nicholas Barber & Scott McGarity - Barber Partners (@BarberPartners)
LOAN AMOUNT: $57,000,000
LOAN TYPE: Construction Loan
NOTE: Dallas-based Barber Partners, specializing in industrial refrigeration, secured a $57 million construction loan from Bank OZK to build a 390,000-square-foot industrial complex in Plainfield, southwest Chicago. Partnering with DSV, the project aims to capitalize on its strategic location near the Interstate 55 corridor to serve distribution needs amid an increasing supply of industrial space in the Chicago area.View on map
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AddressWest 143rd Street & South Steiner Road
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