CHICAGO, IL – Byline Bank’s Commercial Real Estate group is pleased to announce that it has provided $16.5 million in financing for the construction of a Class A, state of the art, cross-docked industrial warehouse and distribution facility. Totaling 436,500 square feet, this facility is located in the Brewster Creek Business Park in Bartlett, IL. Byline was represented by Duane Morris. McShane Construction Company is serving as general contractor.
“Byline is pleased to support Conor Commercial and Globe’s vision develop a logistics oriented cross-docked facility in an established business park in the Northwest Suburban Chicago market,” said John M. Barkidjija, Executive Vice President and Head of Commercial Real Estate & Specialty Finance at Byline Bank. “This is the third industrial construction project that Byline has financed for the Conor Commercial and Globe team, furthering Byline’s strategy of building lasting relationships with best-in-class sponsors.”
“We deeply value the relationship we have with Byline Bank’s Commercial Real Estate group. They understand the needs of industrial developers. The entire loan process from initial term sheet to closing was very efficient. We look forward to continuing our relationship with Byline,” said Molly McShane, Chief Executive Officer of The McShane Companies.
About Byline Commercial Real Estate Group
Byline Commercial Real Estate, headquartered in Chicago, IL, provides first mortgage loans secured by properties in the Chicagoland area as well as loans throughout the United States for Chicago based sponsors and other Byline customers. Since 2014, Byline Bank Commercial Real Estate group has worked hard closing loans for its target market, focusing on industrial, multi-family (including student housing), and office properties (including medical office). For more information visit: www.bylinebank.com/commercial-real-estate.
About Conor Commercial Real Estate
Conor Commercial Real Estate is the integrated real estate development and investment arm of The McShane Companies headquartered in suburban Chicago, Illinois with regional offices located in Dallas, Irvine and Phoenix. Conor Commercial Real Estate is active on a local, regional and national basis in the development of speculative and build-to-suit industrial, office and multi-family communities. For more information on Conor Commercial Real Estate, visit the firm’s website at www.conor.com.
For more information please contact:
John M. Barkidjija
Executive Vice President
Head of Commercial Real Estate & Specialty Finance, Byline Bank