RAVENSWOOD, ILL. — NGKF Capital Markets has arranged $40 million in construction take-out financing for Ravenswood Station, a 123,650-square-foot retail building located in Chicago's Ravenswood neighborhood. A correspondent insurance company lender provided the 20-year, permanent fixed-rate loan. Ravenswood Station, located at 1800 W. Lawrence Ave., is anchored by Mariano's Fresh Market and LA Fitness. The recently built property opened fully pre-leased. Marino’s Fresh Market opened in April. The property includes 364 spaces of surface and structured parking. NGKF represented the borrower, a joint venture between The Taxman Corp. and Barrett & Porto Real Estate. Executive managing director Joel Simmons led the NGKF team in the transaction.
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