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Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Prologis acquires 17-acre Coney Island site for industrial repositioning

NEW YORK, Feb. 5, 2024 - JLL Capital Markets announced today it has closed on the sale of 2731 West 12th St., a nearly 17-acre parcel of undeveloped land located in Coney Island on the southern tip of Brooklyn. JLL represented the seller, National Grid. The buyer was Prologis, the global leader in logistics real estate, which plans to re-develop the site. One of the largest un ...

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05.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL Capital Markets arranges $25.4M refinancing of Courtyard Salt Lake City Cottonwood Hotel

SAN DIEGO, Feb. 2, 2024 - JLL Capital Markets announced today that it arranged $25.4 million in financing for 149-key Courtyard by Marriott in Cotton Heights, Utah. JLL worked on behalf of the borrower, an affiliate of Huntington Hotel Group, and secured a floating-rate, interest-only loan from NYL Investors with term of up to four years inclusive of extension option. Loan pro ...

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02.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$67.1M in financing secured for the development of the Marriott Courtyard Residence Inn in Sand City, California

NEW YORK, Feb. 1, 2024 -   JLL  Capital Markets announced today that it arranged a total of $67.1 million in construction financing for the development of the 215-key, duel-branded hotel, Marriott Courtyard Residence Inn in Sand City, California. JLL represented the borrower, EKN Development Group and Garn Development, and secured the first mortgage loan of $39 million fro ...

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01.02.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$29M sale of grocery-anchored retail center Charleston MSA closes

ATLANTA, Jan. 31, 2024 - JLL Capital Markets announced today that it has closed the $29 million sale of Oakbrook Station, the 138,137-square-foot, grocery-anchored retail center located within the Charleston MSA in Summerville, South Carolina. JLL represented the seller, LBX Investments, and Kempner Properties, a New York-based commercial real estate investment company, in par ...

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31.01.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$29M construction loan arranged on behalf of Portman Industrial for Boston-area industrial development

BOSTON, Jan. 30, 2024 - JLL Capital Markets announced today that it arranged $29 million in construction financing for the first phase of the 1.1 million-square-foot, state-of-the-art industrial business park in Taunton, Massachusetts. The site was previously home to the Silver City Galleria shopping mall that closed in 2020 after 29-years of operations. The master planned par ...

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30.01.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL launches Visionary Insights Group, a new data modeling and advisory team

CHICAGO , Jan. 30, 2024 - JLL announced today that it has hired Paul Sill to lead its newly created Visionary Insights Group. In his role as Managing Director and Head of this new venture, he is responsible for driving growth and producing insights through analytics, strengthening relationships with existing clients and developing a user-friendly software-as-a-service (SaaS) s ...

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30.01.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Mack Real Estate Group and Soundwater Properties acquire grocery-anchored retail center in Raleigh submarket

CHARLOTTE , Jan. 30, 2024 - JLL Capital Markets announced today that it has completed the sale of Maynard Crossing, a 122,901-square-foot, grocery-anchored retail center located in Cary, North Carolina. A partnership between an affiliate of Mack Real Estate Group (MREG) and Soundwater Properties acquired the asset. JLL represented the seller in the transaction. Constructed in ...

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30.01.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLLS secures $112M CTL and equipment manufacturing improvements financing for Salt Lake City industrial property

ATLANTA, Jan. 29, 2024 - Jones Lang LaSalle Securities, LLC (JLLS) announced today that it has structured and placed a $112 million credit tenant lease and equipment financing for a newly completed industrial facility located at 6320 West 300 South in Salt Lake City, Utah. JLLS, a member of JLL Capital Markets, served as the placement agent for the developer, Riverbend Managem ...

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29.01.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$20.5M financing secured for grocery-anchored retail center in California

San Francisco, Jan. 29, 2024 - JLL Capital Markets announced today that it has arranged the $20.5 million refinancing for Almaden Safeway Center, a 143,452-square-foot, grocery-anchored retail center located in San Jose, California. JLL worked on behalf of the borrower, Brothers International Holding Corporation, to secure the ten-year, fixed-rate loan through RGA Reinsurance ...

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29.01.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Suburban Washington, D.C. retail center secures $18.4M in financing

MORRISTOWN, Jan. 25, 2024 - JLL Capital Markets announced today that it has arranged $18.4 million in acquisition financing for Metro Shops, a 160,623-square-foot retail center located in the Washington, D.C. suburb of Hyattsville, Maryland. JLL represented the borrower, Northpath Investments, to secure the five-year, fixed-rate loan through Loews Corporation. Built in 2007, M ...

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25.01.2024