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Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL closes the $80M land recapitalization and vertical equity capitalization for mixed-use development in Brooklyn

NEW YORK, June 7, 2023 - JLL Capital Markets group announced today that it has closed an $80 million land recapitalization and arranged the equity capitalization for the development of a mixed-use community located at 499 President Street in Gowanus, Brooklyn. The community will feature 350 luxury apartments and approximately 20,000 square feet of ground-floor retail. JLL arra ...

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08.06.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Four grocery-anchored retail properties sell in Richmond, Virginia

WASHINGTON, D.C., June 6, 2023 - JLL Capital Markets announced today that it has closed sale of and acquisition financing for a four-property, 592,000-square-foot, grocery-anchored retail portfolio located in Richmond Virginia. JLL represented the seller, a global real estate investment management firm, and H.I.G. Realty Partners, FarmViewVentures LLC and Rosenthal Partners ac ...

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08.06.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$11.5M sale of rare flex retail and industrial space in the Chicago MSA closes

CHICAGO, June 6, 2023 - JLL Capital Markets announced today that it has closed the $11.5 million sale of 3450 West Touhy Ave., a 123,519-square-foot flex retail and industrial property located within the Chicago MSA in Skokie, Illinois. JLL marketed the loan on behalf of the seller, CenterPoint Properties Trust, and Skokie-based Bernard Capital Investment Partners acquired the ...

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08.06.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$97.25M in financing secured for luxury New Jersey multi-housing community

NEW JERSEY, June 6, 2023 - JLL Capital Markets announced today that it has secured the $97.25 million financing for Vinty, a 267-unit, Class A, mixed-use development in Elizabeth, New Jersey. JLL worked on behalf of the borrower, LeCesse Development Corporation and MAS Development Group, to secure the two-year, senior floating-rate loan through an entity managed by Argentic In ...

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08.06.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Daytona Beach multi-housing development secures $77M in financing

MORRISTOWN, June 6, 2023 - JLL Capital Markets announced today that it has closed the $77 million construction financing for Atlantica at Daytona, a 341-unit, luxury, garden-style multi-housing development in Daytona Beach, Florida. JLL represented the borrower, a joint venture between Sovereign Properties and Invest Capital Group, to secure the three-year, 75% loan to cost, c ...

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08.06.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Attractive financing secured for an ultra-luxury multi-housing asset and separate jewel-box mixed-use asset both located in Beverly Hills, CA

LOS ANGELES, June 6, 2023 - JLL Capital Markets announced today that it has arranged financing for two trophy assets in Beverly Hills, California. JLL secured the senior notes with Wintrust Financial for 9440 Santa Monica Blvd., an approximately 92,000-square-foot, trophy, mixed-use building, and a newly constructed ultra-luxury apartment building located at 250 North Crescent ...

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08.06.2023