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Natixis Provides $34.7 Million Financing for Acquisition of Suburban Chicago Grocery-Anchored Retail Center

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Corporate & Investment Banking
Americas
USA
Real Estate
Real Assets
New York, État de New York, États-Unis, June 22, 2017

The $34.7 million financing from Natixis facilitated the acquisition of Northpoint Center, a 276,333 square foot, grocery-anchored retail center located in Arlington Heights, IL. The borrower is an institutional investor.

The property is anchored by a 68,237 square foot Jewel-Osco grocery store, a dominant grocer in the Chicago MSA. Jewel-Osco has been a tenant at the Property since 1991, recently renewed its lease and completed a renovation of its store. Other junior-anchor tenants at the property include Ross Dress for Less and Marshalls, which recently signed a new lease and will be moving from a neighboring center.

Loan proceeds will include an initial funding of $30.2MM with the remaining $4.5MM earmarked to fund future leasing.

The property is located at the corner of Rand Road and Arlington Heights Road, which have a combined average daily traffic count in excess of 50,000 vehicles per day.

The financing was arranged by Jeff Black from the Colliers International office in Boston, MA.

Attachment

Natixis Provides $34.7 Million Financing for Acquisition of Suburban Chicago Grocery-Anchored Retail Center

June 22, 2017

Natixis Provides $34.7 Million Financing for Acquisition...

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Press contacts

Sonia Dilouya

Sonia Dilouya

Press Relations, Natixis

+33 1 58 32 01 03

Vanessa Stephan

Vanessa Stephan

Press Relations, Natixis

+33 1 58 19 34 16

Daniel Wilson

Daniel Wilson

Head of Press Relations and Social Media, Natixis

+33 1 58 19 10 40

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About Natixis

About Natixis

Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts over 16,000 employees across 36 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €12.4 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor’s: A / Moody’s: A1 / Fitch Ratings: A+). 

(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in.

Figures as at 30 June 2021

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