Daily Market Updates: Byline Bank closes $20.25 million term loan for Wilmington IOS portfolio

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Byline Bank closes $20.25 million term loan for Wilmington IOS portfolio

The 13-acre, two-property industrial outdoor storage portfolio is described as 100% leased and includes assets at 501 Quay Ave. and 1540-1550 Eubank Ave.

Reported · Written up by our desk · Industry

Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $20.25-million term loan with Stockbridge Capital Group to refinance a two-property industrial outdoor storage (IOS) portfolio in Wilmington, according to ConnectCRE.

The portfolio spans 13 acres and is described as 100% leased, with properties at 501 Quay Ave. and 1540-1550 Eubank Ave.

ConnectCRE said the assets are located in the South Bay submarket near the Ports of Los Angeles and Long Beach, with both properties less than six miles from the ports.

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ConnectCREByline Bank Closes on Term Loan for South Bay IOS Portfolio

Real Estate

Byline Bank closes $20.25 million term loan for Wilmington IOS portfolio

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