Holladay Marketplace Holladay Marketplace

Rockworth Cos. has secured permanent financing for the Holladay Marketplace, a newly constructed mixed-use complex with retail and office space. The 15-year, sub-4.5%, non-recourse, fixed-rate loan was secured through a national private debt fund.

The 22,151-square-foot property is 10 miles south of downtown Salt Lake City. It is newly built but is already 100% leased. It was developed by the borrower in 2014 and won a 2018 Urban Design Utah Legacy Award.

The JLL Capital Markets team representing the borrower was led by managing director Mike White.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.