Inland Bank and Trust and Logistics Property closed a $10 million construction loan for the development of LPC’s logistics center in Chicago.
“Inland Bank found this to be an attractive opportunity due to the desirable location of the development site, ideally positioned within close proximity to Chicago’s Loop providing easy access to the entire Chicagoland area via I-55 and I-94,” said Chris Metcalf, senior vice president – head of Commercial Lending with Inland Bank “Once completed, this highly functional industrial property will offer true one-hour delivery time to downtown Chicago.”_x000D_
Logistics Property is a logistics real estate platform focused on the acquisition, development and management of state-of-the-art logistics properties in key North American markets.
