Byline Bank Funds $9.25 Million Office-to-Self-Storage Adaptive Reuse Project in Lombard, IL

Byline Bank Funds Office-to-Self-Storage Project in Lombard

Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $9.25 million loan with LSC Development to convert an office building into a fully climate-controlled, state-of-the-art self-storage facility in Lombard, Illinois. The 103,109-square-foot building, located on a 10.5-acre site at 665 W. North Avenue will be transformed into a 67,853-square-foot climate-controlled self-storage facility and provides 64 secured surface parking spaces…

Byline Bank Funds $9.25 Million Office-to-Self-Storage Adaptive Reuse Project in Lombard, IL

Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $9.25 million loan with LSC Development to fund the conversion of a 2000 vintage office building, prominently located at the intersection of I-355 and North Avenue, into a fully climate-controlled, state-of-the-art self-storage facility. The 103,109-square-foot building, located on a 10.5-acre site at 665 W. North Avenue in Lombard, Ill., will be transformed into a 67,853-square-…