Retail N Illinois

Inland Bank and Trust opens first downtown Chicago branch location

Inland Bank and Trust has opened its first downtown Chicago branch, located at 1000 W. Washington Boulevard. The property is positioned in the vibrant Fulton Market District and across the street from McDonald’s corporate headquarters.

The 2,500-square-foot branch, which will feature a 24-hour ATM, is part of a larger 25,721-square-foot commercial space, acquired by an affiliate of the Vista Property Group. In addition to Inland Bank, tenants in the property include La Sardine, Subway, Nancy’s Pizza and Guidepost Montessori.

“Vista has been a client of Inland Bank since 2017, and we were pleased to originate a financing package for it to acquire and make tenant improvements to the retail space at 1000 W. Washington in 2018,” said Christopher Metcalf, senior vice president of CRE lending for Inland Bank. “Shortly after closing the loan, Vista executed new leases with the Montessori school and Inland Bank for two vacant spaces within the building. We are thrilled to enhance our relationship with Vista and not only continue the management of its loan but offer our customers a convenient downtown location that provides a wealth of banking services and solutions.”

Headquartered in Oak Brook, Illinois, Inland Bank and Trust has 11 locations throughout the Chicagoland area with more than $1.2 billion in assets. Vista Property Group is a family-owned, private real estate investment firm with a rapidly growing portfolio of urban retail, mixed-use and multifamily investments. Vista’s core holdings are located in Chicago, New York and London. Vista’s relationship with Inland Bank includes financing of eight commercial properties, as well as accompanying treasury management services.

“We have had the pleasure of working with Chris Metcalf and the rest of the Inland Bank team and are excited to welcome Inland Bank to 1000 W. Washington,” said Hymie Mishan, principal of Vista Property Group. “Based on the care and loyalty they have shown us in several unique situations and throughout our relationship, we have no doubt the Fulton Market branch will be successful.”