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
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