An industrial portfolio consisting of four properties, located at 2924 East 126th Street, 12525 South Carondolet Avenue, 12519 South Burley Avenue, and 3400 East 126th Street in the Chicago market, has a total square footage of 1,600,000. The properties, leased to tenants such as Ford and Flex-N-Gate, feature high clear heights and ample dock and trailer access, strategically positioned near interstates, airports, and the Calumet industrial corridor.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $82,600,000
• Lender: New York Life Insurance Co.
• Landlord: Nathaniel Hagedorn - NorthPoint Development
• Original Purchase: From Greenfield Partners in 2017

NorthPoint Development arranged the loan through New York Life Insurance Co. The properties in the portfolio were assessed as part of a broader investment strategy involving significant commercial tenants, ensuring sustained operational capability in a competitive industrial market.