Crate & Barrel Distribution Hub Sells for $37M

NAPERVILLE, IL-An $18.1-million loan, at 5.14% fixed for the 10-year term, allows DB Real Estate West Jefferson Partners, L.P. to acquire the 827,487-sf distribution center leased to Crate & Barrel through 2019. The Chicago and Dallas offices of Holliday Fenoglio Fowler, L.P. arrange the financing.

By Mark Ruda | June 11, 2004 at 05:24 PM

DB Real Estate West Jefferson Partners, L.P. got a 10-year, fixed-rate loan at 5.14% through a major lender, whom senior managing director Michael Kavanau and executive managing director Mark Gibson declined to identify. "This transaction generated aggressive interest due to its excellent location, sponsorship and low loan-to-value ratio," Kavanau says.

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