SEATTLE, WA – JLL Capital Markets has arranged $274.4 million in financing for a more than 2.7-million-square-foot portfolio of six retail properties.
JLL arranged the five separate ten-year, fixed-rate, non-recourse CMBS loans with JP Morgan Chase, on behalf of the borrower, a joint-venture partnership between CenterCal Properties and a large pension fund, along with their advisors, Principal and PCCP.
The proceeds were utilized to retire existing debt and rebalance leverage across the portfolio.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
