Barings Secures $27.25M Loan For Grocery-Anchored Market Meadows In Naperville, Illinois

The property asset involved in the transaction is a grocery-anchored shopping center located at 1201-1315 South Naper Boulevard in Naperville. The retail asset spans 149,185 square feet and is currently 98.3% leased. The shopping center is anchored by Jewel-Osco and features national tenants such as U.S. Bank, Chipotle, and McDonald’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,250,000
• Lender: Principal Asset Management
• Landlord: Mike Freno - Barings
• Brokers: Chris Drew, Travis Anderson, Christopher Knight, Wells Waller & Merrick Evans - JLL
• Loan Terms: seven-year, fixed-rate

JLL was responsible for arranging the $27.25 million seven-year, fixed-rate acquisition financing for Barings’ Market Meadows. The deal involves key brokers from JLL, including Chris Drew, Travis Anderson, Christopher Knight, Wells Waller, and Merrick Evans, who played significant roles in facilitating this transaction.