REBusinessOnline

Continental Partners Arranges $7M Acquisition Loan for Industrial Property in Chicago

The property, a former auto showroom, is located at 2222 S. Michigan Ave.

CHICAGO — Continental Partners has arranged a $7 million bridge loan for the buyer of a 115,000-square-foot Motor Row industrial building in Chicago’s South Loop. The building’s new owner, a private investor, plans to convert the asset into a Class A mixed-use property with retail, entertainment and office space. The former auto showroom, located at 2222 S. Michigan Ave., is currently vacant. The lender was not disclosed.

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