Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Financing totaling $3.5 million for a 54,000 sf office/industrial facility at 3110 Wood Creek Dr., Downers Grove, a western suburb of Chicago, was arranged by Baird & Warner Real Estate Capital LLC. The long-term, fixed rate mortgage was placed with PPM Worldwide, an exclusive correspondent of B&W.

The facility, which is 100% leased by Eaton Corp., was built in 1984 and underwent extensive renovation in 1991. The property consists of 27,500 sf of office space and 26,500 sf of engineer design area with 22-foot clear heights. Features include one drive-in door, one dock, parking for 161 cars, air conditioning throughout with roof mounted HVAC units and is fully sprinklered.

Another loan, totaling $1 million, was placed on a 53,100 sf industrial facility at 9362 W. Grand Ave., Franklin Park, just northwest of Chicago. The 10-year, fixed-rate mortgage was placed with Sun Life of Canada, another exclusive correspondent of B&W.

The building is 100% occupied by E. Kinast Distributors.The facility includes 18-foot ceiling height in the warehouse space, one enclosed/recessed dock with a high loading bay and two overhead doors, three grade level overhead doors, one dock with a high recessed door and parking for 28 cars.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.