Dealmaker: JLL Lines Up $75.3M for Office, Multifamily Assets

JLL, Chicago, secured $75.3 million in financing for The Boulder Portfolio, a three-asset office portfolio in Boulder, Colo.

Institutional investors advised by J.P. Morgan Asset Management acquired the Class A portfolio. Deutsche Bank provided the five-year floating-rate loan.

Executive Managing Director Michael Melody and Managing Directors Maggie Coleman, Kellogg Gaines and Baxter Fain led the financing team.

Located near Boulder’s Pearl Street Mall, the three properties, 1050 Walnut Street, 1881 9th Street and 1900 15th Street, are close to the University of Colorado-Boulder.

Melody and Gaines also secured $22.25 million for The Castle, a 120-unit mid-rise apartment community in Port Chester, N.Y. JLL represented institutional investors advised by J.P. Morgan Asset Management-Real Estate Americas.

SunTrust Bank, Atlanta, provided the three-year loan, which carried two one-year extension options.

Located in downtown Port Chester, The Castle is a 42-minute Metro-North train ride to midtown Manhattan.

In October JLL represented Toyota Motor North America when it sold its former national headquarters campus in Torrance, Calif. Sares Regis Group, Irvine, Calif., purchased the 110-acre complex, which houses more than 2 million square feet of office and industrial space, for $270 million. Managing Director Jeff Adkison and Senior Vice President Brendan McArthur closed the deal.

The campus is 10 miles from Los Angeles International Airport, near the Ports of Long Beach and Los Angeles.

Toyota Motor North America opened its new headquarters campus in Plano, Texas in July.