Industrial N Illinois

HFF puts together $21M financing for 5-property industrial portfolio

HFF puts together $21M financing for 5-property industrial portfolio,ph1
Foster Avenue Industrial Park at 710-854 Foster Avenue, Bensenville, Illinois.

Holliday Fenoglio Fowler, L.P. (HFF) announced the $21 million acquisition financing for a five-property industrial portfolio totaling 665,903 square feet in the Chicago MSA. The HFF team worked on behalf of the borrower, Clear Height Properties, to place the acquisition financing with Wintrust Bank.

The portfolio assets are all in close proximity to major Interstate highways. The portfolio comprises 550-600 North Commons in Aurora, 710-854 Foster Avenue in Bensenville, 1400-1538 Elmhurst Road in Elk Grove Village, 3456 North Ridge Avenue in Arlington Heights and 8220 North Austin Avenue in Morton Grove.

The HFF debt placement team representing the borrower included managing director Christopher Carroll and senior director Jason Bond.