CHICAGO – Bradford Allen is pleased to announce that the firm recently closed a $24 million loan for the Naperville Corporate Center in Naperville, Illinois. Bradford Allen’s Capital Group, senior vice president, Anthony Giannini, arranged the first mortgage refinancing for the four building, 420,391 square foot office complex.
Giannini placed this loan on behalf of EquiTrust Life Insurance Company. The borrower is a joint venture between Pearlmark Real Estate Partners, LLC, a principal investment firm specializing in commercial real estate, and TriGate Capital, LLC, a market leading real estate private equity firm.
“Bradford Allen Capital was instrumental maintaining communication and assistance throughout the application, due diligence, and closing process,” commented the borrower, Keith Schneider, a Vice President with TriGate Capital, LLC. “Their long-standing relationship with the lender and active involvement in the process helped make this transaction happen.”
“This is a well-located asset with a full complement of amenities and a strong tenant roster,” Giannini added. “Both Pearlmark Real Estate Partners and TriGate Capital were great to work with and contributed to the speed and success of this refinance.”
The Naperville Corporate Center was constructed from 1982 through 1992 and is situated just west of Naperville Road with immediate access to Interstate 88. Large tenants include Infogix, The Trizetto Group and The Receivables Management Services.
About Bradford Allen Capital
Bradford Allen Realty Services Bradford Allen Capital originates first mortgage, non-recourse life insurance company and CMBS loans for commercial income producing properties nationwide. The firm arranges debt for acquisition, refinancing and borrower restructures in amounts ranging from $10 million to $100 million. Bradford Allen Capital is part of Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that provides a full array of brokerage services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. For more information please visit our website at www.bradfordallen.com
About Pearlmark Real Estate Partners, L.L.C
Pearlmark Real Estate Partners, L.L.C. (“Pearlmark”) is a principal investment firm specializing in commercial real estate. Since its inception as Transwestern Investment Company in 1996, Pearlmark has acquired interests in nearly 500 office, retail, industrial and multifamily properties, representing a gross investment of over $11.8 billion.
About TriGate Capital, LLC
TriGate Capital, LLC (TriGate) is a market leading real estate private equity firm focused on acquiring real estate secured debt, providing capital for asset and company recapitalizations, and acquiring real estate assets where the potential to add value exists.