PGIM Real Estate provided financing to retire the construction loan.
Situated in Princeton, Ill., the facility is expected to open next year.
JLL Capital Markets arranged the $40 million acquisition loan.
Amid surging demand, suitable sites will be increasingly hard to find, according to the latest Cushman & Wakefield report.
Bloomingdale Trade Center marks the company’s first project in the market.
The 31 assets total 1.6 million square feet.