In December 2014, Alliance Data Systems executed a 119,207 SF, 12 year lease amendment in conjunction with a 53,500 SF, new building expansion at Westminster Center. TCF Bank is providing financing for the expansion building while refinancing the existing mortgage. Construction is expected to be completed November 2015.
Alliance Data Systems (NYSE: ADS), an S&P 500 company, is a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries.
About Westminster Capital
Westminster Capital manages real estate investment strategies on behalf of private wealth capital. Founded in 1988, the firm is headquartered in Lake Forest, Illinois. Private client work includes leadership of closed-end investment fund and separate account portfolios totaling $641 million of investor capital. Westminster Capital places commercial property investments throughout the United States across several property types and investment risk-reward profiles.