**JLL Secures $34.1M Loan for Downtown Sacramento Medical Office Project**
JLL Capital Markets has arranged a $34.115 million construction-to-permanent loan for SixSixty, a newly renovated Class A medical office building located in downtown Sacramento. The property totals 124,076 square feet and is situated at 660 J Street in the heart of Sacramento’s Downtown Commons entertainment and lifestyle district.
The financing was secured on behalf of a joint venture between Revitate’s opportunity zone platform, RevOZ Capital, and Argosy Real Estate Partners. The seven-year loan was provided by Siemens Financial Services. Senior Managing Directors Jeff Sause and John Chun led the transaction on behalf of the borrower.
Originally constructed in 1984, SixSixty underwent a comprehensive renovation following its acquisition by the joint venture in 2020. As of the latest update, 97% of the building’s rentable square footage has been leased to one of the largest health systems in the nation.
The Downtown Commons area, also known as DOCO, has experienced a significant transformation over the past decade, buoyed by major developments including the award-winning Golden 1 Center arena and an expansion of retail, dining, and luxury hospitality offerings.
