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Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Sale of Marriott branded select-service hotel in South Boston closes

BOSTON, Jan. 10, 2023 - JLL Capital Markets announced today that it has closed the sale of Courtyard Boston South Boston, a 164-key select-service hotel in Boston, Massachusetts. JLL represented the seller, Hersha Hospitality Trust. Courtyard Boston South Boston opened in 2005 under the Courtyard by Marriott brand, one of the most prominent select-service brands in the world. ...

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11.01.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Nashville affordable housing development secures $18.82M loan from the Amazon Housing Equity Fund

NASHVILLE, Jan. 10, 2023 - JLL Capital Markets announced today that it has arranged the $18.82 million loan from The Amazon Housing Equity Fund for the construction of Harpeth Valley Apartments, a garden-style, 251-unit, mid-rise affordable housing development located in Nashville, Tennessee. The property will be rent- and income-restricted at 60% AMI through 2072. JLL underwr ...

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11.01.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Retail asset on the San Antonio River Walk trades to Fifth Corner

DALLAS, Jan. 5, 2023 - JLL Capital Markets announced today that it has closed the sale of South Bank, a 46,704-square-foot, high-performing retail asset located on the world-renowned San Antonio River Walk, the top tourism attraction in the state of Texas. JLL marketed the property on behalf of the seller, and Fifth Corner acquired the asset. Fifth Corner's predecessor, AMREIT ...

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06.01.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL arranges JV equity and debt for $135M best-in-class New Jersey multi-housing development

NEW JERSEY, Jan. 5, 2023 - JLL Capital Markets announced today that it has arranged the $88.6 million construction financing and the $38 million equity placement for Canterly Place, a 300-unit, to-be-built, Class A apartment building located in Livingston, Essex County, New Jersey. JLL represented the sponsor, Okner Developers, LLC, to secure the 10-year, fixed-rate constructi ...

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06.01.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Lake Washington Partners acquires industrial property in Dallas

DALLAS, Jan. 05, 2023 - JLL Capital Markets announced today that it has closed the sale of Tradepoint 20/45, a newly completed 418,000-square-foot industrial building in Dallas, Texas. JLL represented the buyer, Lake Washington Partners, in the sale from Blumenfeld Development Group and Declaration Partners. Tradepoint 20/45, which was completed in early 2022, offers 36' clear ...

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06.01.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$75.8M financing secured for multi-tenant industrial portfolio in Newark

MORRISTOWN, N.J., Jan. 04, 2023 - JLL Capital Markets announced today that it has arranged $75.8 million in acquisition financing for Newark Distribution Center, a 738,238-square-foot, three-building industrial portfolio in the port submarket of Newark, New Jersey. JLL represented the borrower, Hines, in securing the acquisition loan through SMBC. The portfolio is fully leased ...

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06.01.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$20M financing secured for construction of luxury apartment community in New Jersey

MORRISTOWN, Jan. 4, 2023 - JLL Capital Markets announced today that it has closed the $20 million construction financing for 397 Millburn Ave., a 53-unit, three-story, luxury apartment development in Millburn, New Jersey. JLL worked on behalf of the borrower, Eagle Cliff Real Estate Partners and MRY Associates, to secure the three-year, floating-rate loan through Provident Ban ...

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06.01.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Value-add retail shopping center in coastal North Carolina sells to new owner for $12.75M

CHARLOTTE, Dec. 21, 2022 - JLL Capital Markets announced today that it has completed the $12.75 million sale of New Bern Marketplace, a 59,516-square-foot, value-add shopping center located in New Bern, North Carolina. JLL marketed the asset on behalf of the seller, Columbia Development Group and Lubert Adler. Evans Best LLC acquired the asset and was represented by Meybohm Co ...

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22.12.2022