JLL Arranges $22.5M Loan For Unilev Capital Corp And Palladius Capital Management Industrial Portfolio
778 West Algonquin Road
$22,500,000
$58/SF
Building Size
382,762 SF
Asset Type
Industrial
Closing
Apr 14, 2025
AI
The industrial portfolio involved in the transaction encompasses a total of 382,762 square feet located across Arlington Heights, Elk Grove Village, Schaumburg, and Northbrook. The assets in this portfolio are primarily industrial in nature and are over 90% leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,500,000
- Address: Industrial Portfolio
- Market: Arlington Heights, Elk Grove Village, Schaumburg & Northbrook
- Landlord: Raymond Levy & Ian Konowitch - Unilev Capital Corp; Nitin Chexal - Palladius Capital Management
- Brokers: Brian Walsh, Chad Morgan, Jeff Sause, Lauren Sackler & Peter Berges - JLL
- Loan Amount: $22,500,000
JLL arranged financing to refinance three industrial assets and facilitate the acquisition of a fourth property for Unilev Capital Corp. and Palladius Capital Management. The transaction involved key figures from both the landlord and brokerage firms, with multiple representatives actively participating in the arrangement of this financing deal.
Players
Arlington Heights Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93