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Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Premium Illinois suburban open-air retail shopping center and medical asset trades hands in South Elgin

CHICAGO, Nov. 12, 2024 - JLL Capital Markets announced today that it has arranged the sale of South Elgin Commons, a 94,508-square-foot destination retail center in South Elgin, Illinois. JLL worked on behalf of the seller, PMAT Real Estate Investments-a nationally active buyer and seller of Suburban Open-Air Retail (SOAR) assets. The buyer was L2 Partners LLC. South Elgin Com ...

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12.11.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Ridgecut Road acquires low-coverage, industrial outdoor storage service facility in Northern New Jersey

MORRISTOWN, N.J., Nov. 12, 2024 - JLL Capital Markets announced today the sale of a low-coverage, industrial service facility on +/-2.5 acres located at 2461 Iorio Street in Union, New Jersey. JLL represented both the buyer and seller in this transaction, with Ridgecut Road acquiring the asset. Ridgecut Road is one of the preeminent owners of low coverage industrial (IOS/ISF) ...

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12.11.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$110M refinancing secured for luxury waterfront apartment community in North Miami Beach

MIAMI, Nov. 12, 2024 - JLL Capital Markets announced today that it has secured a $110 million loan for Soleste NoMi Beach, a 367-unit Class-A multifamily community in North Miami Beach, Florida. JLL represented the borrower, The Estate Companies, in arranging the floating-rate loan from Ares Management. Located at 16395 Biscayne Blvd., Soleste NoMi Beach is a luxurious Class-A ...

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12.11.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL adds AI capabilities to JLL Azara to transform data interaction for Work Dynamics clients

CHICAGO, November 12, 2024 - JLL (NYSE: JLL) announced today the reinvention of JLL Azara , an AI-powered, data analysis application designed to transform how business leaders interact with corporate real estate and facilities management data. The solution is powered by JLL Falcon , JLL's new AI platform that equips its CRE experts with the company's vast proprietary industry ...

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12.11.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$19.2M refinancing secured for Cable Business Park in the Inland Empire market

LOS ANGELES, Nov. 11, 2024 - JLL Capital Markets announced today it secured a $19.2 million refinancing of Cable Business Park, an 11-building industrial park spanning 283,164 square feet in Upland, California. JLL represented Cable Commercial Center, LLC to secure the fixed-rate, five-year loan through Principal Asset Management SM . Built in 2004, the park is fully leased to ...

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11.11.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Garden-style luxury apartment community sells for $58.25M in Portland MSA

PORTLAND, Nov. 11, 2024 - JLL Capital Markets announced today that it has arranged the $58.25 million sale of Sonder Fields, a newly built, 180-unit community in Happy Valley, Oregon. JLL worked on behalf of the seller, Cobalt, to facilitate the sale. Located at 14798 SE Parklane Dr., Sonder Fields offers residents easy access to I-205 and proximity to major retail centers suc ...

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11.11.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Class A luxury multi-housing development in Florida trades hands

JACKSONVILLE, Nov. 8, 2024 - JLL Capital Markets announced today that it has arranged the new construction sale of The Mark at Wildwood, a 294-unit multi-family complex in Oxford, Florida. JLL represented the seller, Varden Capital Properties and Tellus Partners. The buyer was TriBridge Residential. The Mark at Wildwood, located at 3795 Bismark Ct., sits at the northwest corne ...

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08.11.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$25.8M sale of 154K SF industrial portfolio leased to PODS in Tampa closes

MIAMI, Nov. 8, 2024 - JLL Capital Markets announced today the approximately $25.8 million sale of PODS Tampa, a 154,490-square-foot portfolio comprising three fully leased industrial warehouses in the Tampa, Florida MSA. JLL facilitated the sale on behalf of Ultimate Realty, LLC, who structured a long-term lease at market rents as part of the business plan execution. Instituti ...

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08.11.2024