Byline Bank Closes $17M Financing for Chicagoland Industrial Properties
Byline Bank’s Commercial Real Estate Group (BCREG) has provided $17 million in financing to TradeLane Properties for the acquisition and planned capital improvements of two industrial assets located in Alsip, Illinois.
The transaction marks the 14th deal in five years between Byline Bank and TradeLane Properties, as the latter continues its strategy of acquiring value-add industrial properties in strategic locations.
The first property, located at 5750 W. 118th Street, is a 366,869-square-foot manufacturing facility built between 1996 and 2000. It features exterior dock doors, existing bridge cranes, 480 expandable parking stalls, and direct multitrack rail service via Indiana Harbor Belt — catering to industrial users with complex logistical needs.
The second property, located at 11700 S. Central Avenue, is an 84,376-square-foot front-load distribution center situated on 4.5 acres. Constructed in 1990, the facility is fully leased and includes 4,500 square feet of office space, 15 exterior dock-high doors, one drive-in door, and 26 auto parking stalls.
The properties are located in a well-established industrial submarket in the Chicagoland area, further solidifying TradeLane’s footprint in key logistics corridors.
