Dealmaker: JLL Arranges $96.5M Construction Loan in Arizona

(Image courtesy of JLL)

JLL Capital Markets, Chicago, originated a $96.5 million construction loan for a logistics development in Glendale, Ariz., near Phoenix.

JLL represented the borrower, ViaWest Group, and secured the construction loan from Bank OZK.

The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Kevin MacKenzie, Senior Director Jason Carlos and Associate Jarrod Howard.

The logistics development, dubbed The Base, Phase I, will total 1.2 million square feet with seven buildings. The complex is expected to be delivered in the fourth quarter of next year.