JLL Secures $15.68M Loan For Retail Property At 1300 S. Milwaukee Avenue In Libertyville | 1300 South Milwaukee Avenue⁠ | Christopher Knight, Christopher (Chris) Drew, Michael DiCosimo, Brian Gaswirth | Retail | Loan

Summary

Loan

ILLINOIS

Retail

147,840 sqft

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.

Players

All
5

Agents
4
Agencies
1

Christopher Knight

Senior Director, Capital Markets

$76M Sold

Christopher (Chris) Drew

Senior Managing Director, Miami Office Co-Head

$231.9M Sold

Details

Deal Summary

FINANCED

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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Address1300 South Milwaukee Avenue⁠

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