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CBRE Arranges $7.2M Refinancing Deal For Kroger Chicago's Last-Mile Logistics Facility In Maywood

1900 South Maywood Drive
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This Industrial property located in IL received a loan of $7,200,000 7 months ago. The brokers of the deal were Bruce Francis, Robert (Bob) Ybarra, Doug Birrell, Shaun Moothart, Nick Santangelo, and Jim Korinek

The last-mile logistics facility located at 1900 South Maywood Drive in Maywood, Illinois, has undergone a refinancing deal. The property, spanning 79,869 square feet, is owned by Pacifica Real Estate Group. This industrial asset features key logistics amenities and has been leased long-term by Kroger, serving as one of their urban delivery stations since its completion in 2022. The property is situated in the Maywood market, known for its strategic location and transportation infrastructure.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,200,000
  • Loan Type: Refinance
  • Loan Terms: 12-year term, full-term interest only

CBRE played a crucial role in arranging the $7.2 million refinancing deal for the last-mile logistics facility. The team of brokers involved in this transaction includes Bruce Francis, Bob Ybarra, Doug Birrell, Shaun Moothart, Nick Santangelo, and Jim Korinek, all representing CBRE. With their expertise and extensive market knowledge, they facilitated the successful refinancing of the property. Pacifica Real Estate Group, led by Russell Fraser, serves as the landlord for the facility. The refinancing deal demonstrates the importance of strategic financing in maximizing the potential of industrial assets.

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Deals
  • Location
    1900 S Maywood Dr Maywood, IL 60153, USA1900 S Maywood Dr Maywood, IL 60153, USA
  • Loan Value
    $7,200,000$7,200,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    6 Brokers, 1 Agency6 Brokers, 1 Agency

Agents

Nick Santangelo

Nick Santangelo

Deals6
Financed$148.5M

Jim Korinek

Jim Korinek

Deals5
Financed$90.1M

Doug Birrell

Doug Birrell

Deals8
Financed$163.1M

Bruce Francis

Bruce Francis

Deals8
Financed$163.1M

Shaun Moothart

Shaun Moothart

Deals9
Financed$195.1M

Robert (Bob) Ybarra

Robert (Bob) Ybarra

Deals8
Financed$163.1M

Agency

CBRE

CBRE

Agency
Deals4191
Volume$181.9B

Deal Summary

LOAN IMAGE: Nick Santangelo, Doug Birrell, Bruce Francis, Shaun Moothart, Russell Fraser, Bob Ybarra & Jim Korinek DATE: 08/15/2023 ADDRESS: 1900 South Maywood Drive MARKET: Maywood ASSET TYPE: Industrial ~ SF: 79,869 LANDLORD: Pacifica Real Estate Group - Russell Fraser BROKERS: Bruce Francis, Bob Ybarra, Doug Birrell, Shaun Moothart, Nick Santangelo & Jim Korinek - CBRE (@cbre) LOAN AMOUNT: $7,200,000 LOAN TYPE: Refinance LOAN TERMS: 12-year term, full-term interest only NOTE: CBRE has arranged a $7.2 million refinancing deal for Kroger Chicago's last-mile logistics facility in Maywood, Illinois. The 79,869-square-foot building, owned by Pacifica Real Estate Group, has a long-term lease with Kroger and features key logistics amenities, serving as one of Kroger's urban delivery stations since its completion in 2022.

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1900 South Maywood Drive

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