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Newmark Brokers Secure $150M Acquisition Loan For Industrial Portfolio In Midwest

Newmark brokers loan for $150,000,000 in Midwest
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This Industrial property located in IL received a loan of $150,000,000 about 2 years ago. The brokers of the deal were Dustin Stolly, Christopher (Chris) Kramer, and Jordan (Jordy) Roeschlaub

The Industrial Portfolio in the Midwest has been involved in a closed transaction. The property is an industrial asset with a total square footage of 2,200,000. The transaction took place on 03/08/2023.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $150,000,000
  • Lender: Protective Life, Old National Bank & One America
  • Landlord: Burton-Katzman; DRA Advisors - Brett Gottlieb

The lenders involved in this transaction were Protective Life, Old National Bank, and One America. The landlord representatives were Burton-Katzman and DRA Advisors, represented by Brett Gottlieb. The brokers who facilitated the deal were Jordan Roeschlaub, Dustin Stolly, and Chris Kramer, all from Newmark.

The loan obtained for this transaction was an Acquisition Loan.

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  • Location
    Chicago, Illinois, United StatesChicago, Illinois, United States
  • Loan Value
    $150,000,000$150,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

LOAN IMAGE: Chris Kramer, Jordan Roeschlaub & Dustin Stolly DATE: 03/08/2023 ADDRESS: Industrial Portfolio MARKET: Midwest ASSET TYPE: Industrial ~ SF: 2,200,000 LENDER: Protective Life, Old National Bank & One America LANDLORD: Burton-Katzman; DRA Advisors - Brett Gottlieb (@BrettGottlieb) BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly & Chris Kramer - Newmark (@Newmark) LOAN AMOUNT: $150,000,000 LOAN TYPE: Acquisition Loan

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Newmark brokers loan for $150,000,000 in Midwest

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