National Automatic Sprinkler Industry Local 669 Pension Fund, Landover, Md., closed on two $15 million loans with The Tuckerman Group, said Geena Davis, an accountant with the $2.5 billion system. One is a mezzanine loan to fund the redevelopment of 250 Marquette Ave., Minneapolis, for technology tenants. The other is a subordinated secured loan to renovate a former Beatrice Foods cold storage warehouse in Chicago into a luxury residential condominium to be known as Dearborn Tower. The money will come from cash reserves.
National Automatic Sprinkler Industry Local 669 Pension Fund...
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