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Industrial Portfolio

Darwin Investment Group Secures $100 Million Refinancing From Wells Fargo For Chicago Industrial Portfolio
FINANCEDIndustrial

Darwin Investment Group Secures $100 Million Refinancing From Wells Fargo For Chicago Industrial Portfolio

Industrial Portfolio

$100,000,000

$45/SF

Building Size

2,200,000 SF

Asset Type

Industrial

Closing

May 27, 2025

AI

A $100 million refinancing secured by Darwin Investment Group for its industrial portfolio, encompassing 40 buildings across suburban Chicago, totals approximately 2.2 million square feet. The assets are valued at around $200 million in the current market. This refinancing initiative is part of the company's ongoing strategy to adapt to the market conditions following a post-pandemic boom.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $100,000,000
  • Lender: Wells Fargo
  • Landlord: Simon Fang & Yaoting Wang - Darwin Investment Group
  • Broker: Matthew Lewandowski - DarwinPW Realty/CORFAC International
  • Market: Chicago
  • Asset Size: 2,200,000 SF

This transaction reflects the collaboration among key players in the real estate market, with Simon Fang and Yaoting Wang representing Darwin Investment Group, overseeing the refinancing process. Matthew Lewandowski acted as the broker in this significant deal contributing to the management of the industrial portfolio during a time of rising average asking rents, which reached $8.59 per square foot in Q1 2025.

Players

Matthew Lewandowski

Darwin Realty

Broker

$100M

vol

1 deal

Broker
Wells Fargo
Wells FargoLender

Warren 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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93