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.