News: Outside The Region

Axiom Capital funds manufacturing & warehouse property in Carol Stream, IL

Carol Stream, IL Axiom Capital Corp. has structured and arranged a $6.75 million permanent loan for the refinance of a single tenant light manufacturing and warehouse property.

The property consists of a 206,125 s/f building with 204 parking spaces situated on 13.93 acres. The property features include 32.5’ clear height; 7.8% of office space; steel and masonry construction with a rubber membrane roof; a 1,200 amps, 480v, 3-phase, 4-wire electrical service; fully sprinklered; 17 dock doors; and 4 drive-in doors. The property is situated within the Dupage County Industrial Submarket which is 10 minutes, 5.0 +/ miles West of Interstate 355 with access to Interstate 88 – an additional 15 minutes, 11.5 +/- miles to the South.

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Kasowitz gets dismissal of lawsuit against developer of American Dream Mall

East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior
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