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JLL Secures $15.68M Loan For Retail Property At 1300 S. Milwaukee Avenue In Libertyville

1300 South Milwaukee Avenue⁠
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This Retail property located in IL received a loan of $15,680,000 over 3 years ago. The brokers of the deal were Christopher Knight, Christopher (Chris) Drew, Michael DiCosimo, and Brian Gaswirth

Located at 1300 S. Milwaukee Avenue in Libertyville, this retail property spans an impressive 147,840 square feet. The recent transaction involving this asset took place on October 22, 2020.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $15,680,000
  • Market: Libertyville
  • Landlord: Sterling Organization

The deal was facilitated by JLL, with Christopher Drew, Brian Gaswirth, Christopher Knight, and Michael DiCosimo from their team representing the various parties. Along with JLL, an insurance company provided a non-recourse loan of $15,680,000 for a duration of 10 years, enabling the completion of the transaction.

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Deals
  • Location
    1300 South Milwaukee Avenue, Libertyville, IL, USA1300 South Milwaukee Avenue, Libertyville, IL, USA
  • Loan Value
    $15,680,000$15,680,000
  • Asset Type
    RetailRetail
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Christopher Knight

Christopher Knight

Deals6
Financed$369.5M

Christopher (Chris) Drew

Christopher (Chris) Drew

Deals15
Financed$678.4M

Michael DiCosimo

Michael DiCosimo

Deals15
Financed$702.5M

Brian Gaswirth

Brian Gaswirth

Deals21
Financed$1.6B

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

LOAN⁠ IMAGE: Christopher Drew & Christopher Knight⁠ DATE: 10/22/2020⁠ ADDRESS: 1300 S. Milwaukee Avenue⁠ MARKET: Libertyville⁠ ASSET TYPE: Retail⁠ SF: 147,840⁠ ⁠ LANDLORD: Sterling Organization⁠ BROKERS: Christopher Drew, Brian Gaswirth, Christopher Knight, & Michael DiCosimo - JLL⁠ ⁠ LOAN AMOUNT: $15,680,000⁠ LOAN TERMS: 10-year, fixed-rate, non-recourse loan with an insurance company⁠ ⁠

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1300 South Milwaukee Avenue⁠

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