MESA PROVIDES $26.3M LOAN FOR STORAGE FACILITY IN CHICAGO

CHICAGO — Mesa West Capital has provided a $26.3 million in acquisition financing for 26th & Western, an industrial facility in Chicago. The two-building, 298,212-square-foot infill industrial cold storage portfolio is fully occupied. A joint venture between Chicago-based Bridge Development Partners and Dallas-based Hunt Realty Investments was the borrower. A 246,212-square-foot building at the property was redeveloped in 2004, followed by the construction of an adjacent 52,000-square-foot, build-to-suit in 2008. Both buildings feature high-quality, flexible cold storage space and are leased to both direct users and third-party logistics providers that service the Chicago area. Steve Roth of CBRE Capital Markets arranged the first-mortgage financing.