JLL Capital Markets, a Dallas-based company, recently closed a $179.5 million fixed-rate loan with Fannie Mae on behalf of Brookdale Senior Living. The loan was used to refinance a portion of Brookdale’s credit facility and is secured by 47 properties and 5,102 units across 14 states. This transaction marks the latest collaboration between JLL and Fannie Mae for their repeat client Brookdale.
In Houston’s Energy Corridor, Granite Properties announced that its Class-A office complex Eldridge is now 95% leased at an impressive size of over 824,000 square feet. Throughout the year of 2023 alone, Eldridge signed leases with various companies totaling over half a million square feet.
Marcus & Millichap facilitated the sale of Storage Bright Portfolio in Texas consisting of eight self-storage facilities spanning over more than two hundred thousand rentable square feet in Springtown, Paradise and Weatherford.
Younger Partners has acquired Midlothian Towne Crossing shopping center located just outside Dallas which boasts almost one hundred percent occupancy rate with popular tenants such as Ross Dress for Less and Ulta Beauty occupying its nearly one hundred fifty thousand square foot space on thirty-four acres.
Apartment builder JPI has relocated from Las Colinas to Cypress Waters development north off LBJ Freeway after being acquired by Tokyo-based housing firm Sumitomo Forestry Co.. The new location offers almost fifty-four thousand square feet previously occupied by One Source Virtual at their previous location near SH-114 in Las Colinas Urban Center.
Rogers-O’Brien Construction (RO) announced Cisco Hobbs’ promotion to Regional President where he will focus on overseeing operations at Waco and Houston offices while maintaining his role within the company.
