**JLL Secures $27.25M Financing for Jewel-Osco-Anchored Retail Center in Naperville**
JLL has arranged $27.25 million in acquisition financing for Market Meadows, a grocery-anchored shopping center located in Naperville, Illinois.
The firm represented the borrower, Barings, securing a seven-year, fixed-rate loan through Principal Asset Management. The JLL Capital Markets Debt Advisory team leading the transaction included Senior Managing Directors Chris Drew and Travis Anderson, Managing Director Chris Knight, Director Wells Waller, and Analyst Merrick Evans.
Market Meadows spans 149,185 square feet and is currently 98.3% leased. The center is anchored by a Jewel-Osco grocery store and includes a diverse mix of national and regional tenants such as U.S. Bank, BMO Bank, T-Mobile, Chipotle, Jersey Mike’s Subs, and McDonald’s.
“Market Meadows represents a high-performing asset with strong credit tenancy and limited rollover in one of the Chicago area’s most desirable retail locations,” said Chris Knight. “The property’s recent redevelopment, excellent demographics, and experienced institutional sponsorship made it an attractive financing opportunity.”
The financing reflects continued interest in high-quality, grocery-anchored retail centers in strong suburban markets.
