JLL has successfully arranged a $77 million refinancing for The Schoolhouse District, an upscale residential and retail complex located in downtown Woodinville, Washington. Acting on behalf of the borrowers, MainStreet Property Group and HAL Real Estate, JLL secured a fixed-rate loan through AXA IM Alts., with assistance from their Debt Advisory team led by Senior Director Seth Heikkila and Director Steve Petrie.
The Schoolhouse District is situated at 17409 133rd Ave. NE in the heart of Woodinville’s bustling downtown area. Its prime location offers residents easy access to major tech companies in nearby Kirkland, Redmond, and Bellevue within just a 20-minute drive. Additionally, residents can enjoy the convenience of having boutique retailers, restaurants,
entertainment venues,and wineries all within walking distance from their homes.
Completed in 2021,the LEED Gold-certified complex spans over four separate buildings on a spacious3.08-acre site.It features studio to three-bedroom layouts that cater to various living preferences while offering approximately44 ,800 square feetof retail space for added convenience.
This successful refinancing deal highlights JLL’s expertise in securing favorable financing options for clients’ real estate investments across different asset classes.
