Company Announcements

ROCKFORD, Ill.--(BUSINESS WIRE)--Dec. 22, 2025-- IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI) specializing in capital markets services for major private and institutional clients,announced today the $96.7 million financing of three industrial properties in Rockford, Illinois.

IPA Capital Markets’ Frank Montalto, managing director, and Ethan Splan, associate director in the firm’s Chicago downtown office, secured three-year, non-recourse financing with Bank OZK on behalf of Craig Erdmier, a prolific Northern Illinois–based design-build and construction management professional and general contractor.

The portfolio comprises over 650,000square feet, including two fully stabilized, mission-critical industrial buildings totaling 503,395square feet. Each was developed as a build-to-suit facility for a global pharmaceutical services provider with strong credit fundamentals and ongoing expansion needs. Both properties are located within established industrial corridors and function as critical logistics and distribution hubs supporting the tenant’s national operations.

The financing will be used to consolidate the stabilized assets and cross-collateralize the income-producing properties to support the construction of the third facility, which will total approximately 155,000 square feet.

“This transaction presented a rare opportunity to finance a sponsor-developed industrial portfolio backed by a strong credit tenant with zero leasing risk,” said Montalto. “We’re pleased to deliver a solution that supports our client’s growth strategy and underscores the strength of the industrial sector.”

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets.

About Bank OZK

Bank OZK (Nasdaq: OZK), through its Real Estate Specialties Group (RESG), provides financing on commercial real estate projects throughout the nation. RESG is considered a preeminent, market-leading construction lender focused on senior secured financing for a variety of property types including mixed use, multifamily housing, condominiums, office, hospitality, life sciences, industrial and retail. For the five years ended September 30, 2025, RESG originated approximately $39.57 billion in new loans. For more information, visit ozk.com.

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Media Contact:
Gina Relva, VP Public Relations
gina.relva@marcusmillichap.com

Source: Marcus & Millichap