105 results for “jll capital markets”
Net Lease N Illinois

Property with high-end furniture tenant sells in Chicago

JLL closed the sale of a 9,794-square-foot, single-tenant retail property that is triple net leased to Walter E. Smithe, a family-owned and -operated local furniture business with four generations of experience. JLL marketed the property on behalf of the seller, a Chicago-based private partnership, and procured the buyer, a California-based…

Net Lease N Illinois

JLL closes sale of new retail property in suburban Chicago

JLL closed on the sale of a newly constructed, 18,000-square-foot, single-tenant retail property that is triple-net-leased to Goodwill in the Chicago suburb of Glenview, Illinois. JLL marketed the property on behalf of the seller, a Chicago-based merchant developer. Best Properties LLC of Florida purchased the asset in a 1031 exchange.

CRE N Illinois

Stockbridge adds associate to Chicago office

Stockbridge, a San Francisco-based real estate investment firm, has hired Thomas Grusecki Jr. as an associate on the firm’s Chicago team. With more than 8 years of real estate investment and acquisition experience, Grusecki will focus on capital markets activities for the firm’s Core and Value-Added Business nationally.

Retail N Illinois

JLL closes sale of suburban Chicago retail center

JLL has closed the sale of Mallard Crossing, an 80,708-square-foot, ALDI-anchored retail center in the northwestern Chicago suburb of Elk Grove Village, Illinois. JLL represented the seller, IRC Retail Centers, and procured the buyer, a vehicle sponsored by AmCap Management. Terms of the deal were not disclosed.

CRE N Illinois

JLL Income Property Trust launches 1031 exchange platform

JLL Income Property Trust, an institutionally-managed daily NAV REIT based in Chicago, has launched a 1031 tax-deferred exchange program designed to provide accredited investors with the opportunity to defer taxes on gains from the sale of appreciated real estate. The JLL Exchange (JLLX) program will offer a series of private placements thr…

Finance N Illinois

JLL arranges over $17M in financing for suburban Chicago apartments

JLL arranged $17.345 million in financing for Iron Gate, a 180-unit fractured apartment and condominium community in the western Chicago suburb of Glen Ellyn, Illinois. JLL worked on behalf of the borrower, Bear Peak Capital, LLC, to arrange the three-year, floating-rate loan through Bridge Debt Strategies. Loan proceeds will be used to con…

Office N Illinois

The 'burbs are still an office draw

| Matt Baker

More than 150 people packed into the recently renovated atrium of President’s Plaza near O’Hare for the 4th annual State of the Suburban Office Conference, co-hosted by GlenStar. The dozen expert speakers on hand had much to say about the state of affairs for the office market outside the influence of downtown Chicago.

Finance N Illinois

JLL arranges $9.4M refinancing for Chicago recreational facility

JLL arranged a $9.4 million refinancing for The Armoury, a 46,040-square-foot infill industrial facility repurposed as an entertainment trampoline park and athletic training facility in Chicago. JLL worked on behalf of the borrower, a partnership between Clear Height Properties and Diamond Realty Holdings, to place the 9.4-year, fixed-rate …

Finance N Illinois

JLL arranges $61M financing for new Hyatt House hotel in Chicago

JLL arranged a $61 million refinancing for Hyatt House Fulton Market, a 200-room, newly constructed hotel in Chicago’s Fulton Market District. JLL worked on behalf of the borrower, a partnership between Sterling Bay and Wheelock Street Capital, to place the five-year, floating-rate loan with Argentic Real Estate Investments LLC. Loan procee…

Finance N Illinois

JLL arranges nearly $30M in financing for Oak Brook office property

JLL arranged a $29.8 million financing for 2001 York Road, a 184,525-square-foot office asset in Oak Brook, Illinois. JLL worked on behalf of the borrower, an affiliate of Pembroke IV, LLC, to secure the 36-month, floating-rate loan. The five-story office property has 33,000-square-foot average floor plates and is currently fully leased wit…

Office N Illinois

First look at planned River North office developments

North Wells Capital, the investment management affiliate of Chicago-based Urban Innovations, has announced details of proposed new developments at 306 W. Erie, 301 W. Huron and 320 W. Huron in Chicago’s thriving River North neighborhood. All three properties are represented by JLL as leasing agent and by Urban Innovations as property manager.