High Street Logistics Properties Secures $16.3M Loan For 123,927 SF Warehouse In Downers Grove

The asset involved in this transaction is a 123,927-square-foot Class A warehouse located at 3900 Finley Road in Downers Grove, IL. The site, which spans nearly 9 acres, was formerly vacant and will include 20 dock doors, two drive-in doors, and 147 parking spaces. Construction on the project is set to begin this month, with expected completion in June 2027.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,300,000
• Lender: Andrew Harmening & Krista Casper - Associated Bank
• Landlord: Andrew M. Zgutowicz - High Street Logistics Properties
• Loan Type: Construction

In this deal, Andrew Harmening and Krista Casper represent Associated Bank as the lender providing the construction loan, while Andrew M. Zgutowicz is the landlord representing High Street Logistics Properties in securing the financing for the project.