CHICAGO-Australia-based Mirvac Industrial Trust has received $86 million in financing from ING USA Annuity & Life Insurance Co. for 19 of its industrial properties. The interest rate for the five-year loan is 4.5%.
The 19 local properties totaling 4.18 million square feet include two in Hammond, Indiana, and four in southeast Wisconsin. Oakbrook Terrace-based NAI Hiffman is guiding Mirvac on reorganizing the loans. Mirvac controls a 66-building local industrial portfolio that sums 13.39 million square feet.For the full story, go to Crain's Chicago Business.
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