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DLC Secures $41.6 Million Loan For Danada Square West Shopping Center In Wheaton, Illinois

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FINANCED
$41,600,000
Christopher Knight
Alex Staikos
Scott Aiese

Illinois

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Retail314,819 SF
Financed 01/29/2025
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Property Image
FINANCED

DLC Secures $41.6 Million Loan For Danada Square West Shopping Center In Wheaton, Illinois

280 South Naperville Road

See Similar Deals
Retail314,819 SF
Financed 01/29/2025
Christopher Knight
Alex Staikos
Scott Aiese
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$132
Total Square Footage:314,819 SF
Transaction Type:Loan

An approximately 314,819-square-foot retail shopping center located at 2-280 South Naperville Road in Wheaton, Illinois, has secured a loan of $41,600,000. This property, known as Danada Square West, is anchored by Jewel-Osco and is currently 92.7% leased, featuring retailers such as TJ Maxx, HomeGoods, and Ulta. The loan features a five-year, fixed-rate term.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $41,600,000
  • Address: 2-280 South Naperville Road
  • Market: Wheaton
  • Asset Size: 314,819 square feet
  • Landlord: Adam Ifshin - DLC
  • Brokers: Alex Staikos, Christopher Knight & Scott Aiese - JLL
  • Loan Terms: five-year, fixed-rate

JLL Capital Markets arranged the financing on behalf of borrower DLC, with a team comprising Alex Staikos, Christopher Knight, and Scott Aiese involved in securing the loan for the shopping center transaction.

Players

Alex Staikos
JLL
Alex Staikos
33 deals$4.5B volume
BROKER
Scott Aiese
JLL
Scott Aiese
30 deals$2.7B volume
BROKER
Christopher Knight
JLL
Christopher Knight
12 deals$747.6M volume
BROKER

Details

FINANCED
IMAGE: Alex Staikos, Christopher Knight, Scott Aiese & Adam Ifshin DATE: 01/29/2025 ADDRESS: 2-280 South Naperville Road MARKET: Wheaton ASSET TYPE: Retail ~ SF: 314,819 LANDLORD: Adam Ifshin (@DLC_Ceo) - DLC (@DLCMgmt) BROKERS: Alex Staikos (@AStaikos), Christopher Knight & Scott Aiese - JLL (@JLL) LOAN AMOUNT: $41,600,000 LOAN TERMS: five-year, fixed-rate NOTE: JLL Capital Markets secured $41.6 million in financing for Danada Square West, a 314,819-square-foot shopping center in Wheaton, Illinois, anchored by Jewel-Osco. The property, 92.7% leased at loan closing, also hosts retailers like TJ Maxx, HomeGoods, and Ulta, with the loan arranged on behalf of borrower DLC.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,600,000.00

Monthly NOI$277,333.33
Monthly Debt Service$262,940.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00