Lincolnshire, IL—October 2017 – Bradford Allen Capital arranged the acquisition financing on behalf of IHP Tri-State Asset LLC for the purchase of Tri-State International. Chuck Hoag, Senior Managing Director of Bradford Allen Capital originated the $58 Million loan from Regions Bank.
“We presented the deal to a host of lenders, and Regions Bank gave us an outstanding offer,” said Chuck Hoag. “They wanted the opportunity to continue to grow their Midwest portfolio, and we are very pleased with the result."
Tri-State International, the home of CDW’s executive offices was constructed between 1984 and 1989 and is currently 79 percent leased. The five building, 559,000-square-foot, Class A office complex is located at the four-way interchange of the Tri-State Tollway (I-94) and Half-Day Road (Route 22) in Lincolnshire, IL. In addition to the executive offices for CDW, notable tenants include: Solo Cup, Wells Fargo, and LTD Commodities. The property has newly upgraded amenities including a conference center, 135-seat auditorium, and amenity center in the 200 Building, as well as a fitness center and deli in the 300 Building. A recently completed 4-story parking structure was constructed for CDW’s employees and is immediately northeast of CDW Center, which contributes to the property’s above average 4.3/1,000 RSF parking ratio.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 1,900 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About Bradford Allen Capital
Bradford Allen Capital is a mortgage broker based in Chicago, Illinois. Our experienced team originates and services mortgage, mezzanine, and preferred equity financing for commercial real estate assets nationwide. As the exclusive lending platform for Bradford Allen Funding Company which specializes in bridge and mezzanine financing, as well as a correspondent for a number of life insurance companies, private firms, and family offices. The firm is a wholly owned subsidiary of Bradford Allen Realty Services, a Chicago-based, national commercial real estate company. The firm provides a full range of brokerage services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. For more information, please visit our website at www.bradfordallen.com