JLL secures $35.6M acquisition financing for Chicago industrial portfolio

CHICAGO, Mar. 2, 2026 – JLL Capital Markets announced today it has arranged $35.6 million in acquisition financing for the Chicago Infill Industrial Seed Portfolio, a collection of four shallow bay assets totaling 411,781 square feet strategically positioned in the O'Hare, Northwest Cook and North DuPage submarkets.

JLL worked on behalf of the borrower, a newly formed joint venture between Matterhorn Venture Partners (“MVP”) and TPG Angelo Gordon U.S. Real Estate, to secure the acquisition financing.

The partnership represents the initial investment for the joint venture targeting value-add Midwest industrial acquisitions. The joint venture has an initial equity commitment of $300 million to deploy across industrial acquisitions in Chicago and surrounding target markets, with total buying power of over $900 million.

Located within Chicago's premier industrial corridors, the properties benefit from exceptional access to O'Hare International Airport, extensive freight rail networks and direct connections to major interstate highways including I-90, I-355 and I-88. The functional mid-80s vintage portfolio features clear heights ranging from 18 to 24 feet, 30 combined dock doors and four drive-in doors across the four properties. Additionally, the portfolio benefits from extremely limited competition, with only 0.5% of industrial inventory vacant within a two-mile radius and no new construction in the pipeline.

The JLL Capital Markets team was led by Senior Managing Director Danny Kaufman, Managing Director Lucas Borges and Director Mary Dooley, with support from Senior Analyst Emma Berner and Analyst Annie Thomas.

"The portfolio's strategic positioning in the O'Hare, Northwest Cook and North DuPage submarkets, combined with the sponsors' proven track record and institutional backing, creates a compelling value proposition," said Dooley. "These shallow bay assets are extremely difficult to replace in today's development environment, particularly given the limited new construction pipeline for this product type."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $303 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. For more information, visit www.tpg.com.

Matterhorn Venture Partners ("MVP") is a Chicago-based private real estate investment firm focused on acquiring and managing industrial assets nationwide. Since its founding in May 2024, MVP has completed approximately $140 million in total deal capitalization across eight states, encompassing more than 765,000 square feet. MVP co-invests alongside private and institutional capital partners to create value through targeted capital improvements, proactive asset management, and disciplined portfolio aggregation. Learn more at www.matterhornvp.com.