Permanent Loan - Acquisition$12,675,000
Class A Industrial Portfolio
Axiom Capital Corporation announces the closing of a $12,675,000 permanent loan for the acquisition of the I-355 DuPage County portfolio, an industrial building portfolio consisting of three assets totaling 257,115 SF in DuPage County, Illinois. Each asset is ideally located within mature business park settings with unmatched access to area expressways, labor and amenities. DuPage County continues to have the lowest industrial vacancy rate in the region. The Chicago industrial market has demonstrated twenty consecutive quarters of positive net absorption while speculative construction within the infill submarkets remains limited. Rental rates are expected to continue to experience upward pressure as these dynamics persist.