Associated Bank Provides $2.7M Acquisition Loan For Warehouse In Wheeling | 1-5 West Messner Drive | Associated Bank | Industrial | Loan

Summary

Loan

ILLINOIS

Industrial

116,348 sqft

The $2.7 million loan facilitated by Associated Bank is for the acquisition of a fully leased, 58,174-square-foot industrial warehouse located at 1-5 West Messner Drive in Wheeling. The property is situated near the Chicago Executive Airport and is currently occupied by Ashland Millwork and Cadence Inc.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $2,700,000
Address: 1-5 West Messner Drive
Market: Wheeling
Lender: Daniel Barrins - Associated Bank
Landlord: Barry Missner - The Missner Group/Greystar-Thackeray

Daniel Barrins of Associated Bank is responsible for handling the loan origination for the borrower, The Missner Group/Greystar-Thackeray. Barry Missner represents The Missner Group as the landlord in this transaction.

Players

All
1

Lenders
1

Associated Bank

Details

Deal Summary

FINANCED

IMAGE: Daniel Barrins & Barry Missner DATE: 05/06/2024 ADDRESS: 1-5 West Messner Drive MARKET: Wheeling ASSET TYPE: Industrial ~ SF: 58,174 LENDER: Daniel Barrins - Associated Bank (@AssociatedBank) LANDLORD: Barry Missner - The Missner Group (@MissnerGroup)/Greystar-Thackeray LOAN AMOUNT: $2,700,000 LOAN TYPE: Acquisition Loan NOTE: Associated Bank has facilitated a $2.7 million loan for the acquisition of a fully leased, 58,174-square-foot warehouse in Wheeling, a Chicago suburb. The property, located on Messner Drive near the Chicago Executive Airport, is occupied by Ashland Millwork and Cadence Inc., with Daniel Barrins of Associated Bank handling the loan origination for the borrower, The Missner Group/Greystar-Thackeray.

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Address1-5 West Messner Drive

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