Logistics Property Co. Lands $66M for Chicago Portfolio

Logistics Property Co. (LPC) has secured $66 million in refinancing for two properties in Illinois, the Palatine 90 Logistics Center and 2800 W. Diehl Road. The fixed-rate loan from PGIM Real Estate will pay off construction debt and closing costs while returning capital to LPC. Chicago's industrial market is performing well, with a strong labor pool and access to rail, air, and highways attracting tenants. Chicago also leads in industrial development and sales activity in the Midwest. Additionally, LPC has broken ground on a new development in Oak Forest, Illinois.

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Frequently Asked Questions

Q1: What is the news about Logistics Property Co.?

A1: The news is about Logistics Property Co. securing $66 million for Palatine 90 Logistics Center in Palatine, Ill., and 2800 W. Diehl Road in Aurora, Ill. [source]

Q2: How much did Logistics Property Co. secure for the Chicago portfolio?

A2: Logistics Property Co. secured $66 million for the Chicago portfolio. [source]

Q3: Where are the properties located?

A3: The properties are located in Palatine, Ill., and Aurora, Ill. [source]