TradeLane Properties Secures $64M Refinancing Loan For Industrial Portfolio In Chicago And Cincinnati

TradeLane Properties secured a refinancing loan of $64,000,000 for its 1,100,000 square foot Midwest Light Industrial Portfolio located in Chicago, IL and Cincinnati, OH. The portfolio comprises 13 fully leased properties engaged in various industries including automotive and pharmaceuticals.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $64,000,000
• Loan Type: Refinance
• Loan Terms: five-year, floating-rate
• Landlord: Neil P. Doyle - TradeLane Properties
• Brokers: Chris Gandy, Lucas Borges & Ethan Habecker - JLL; Kensington Capital Advisors
• Market: Chicago, IL & Cincinnati, OH

The deal was facilitated by the brokerage services of JLL and Kensington Capital Advisors, reflecting a collaborative effort in arranging this substantial refinancing for the industrial portfolio. Key representatives involved in the transaction include Chris Gandy, Lucas Borges, Ethan Habecker, and Neil P. Doyle, emphasizing a strong network of professionals supporting the portfolio's financial strategy.