Dealmaker: JLL Capital Markets Arranges $18.4M in Acquisition Financing

(Image courtesy of JLL)

JLL Capital Markets, Chicago, arranged $18.4 million in acquisition financing for a retail center in the Washington, D.C., suburb of Hyattsville, Md.

JLL represented the borrower, Northpath Investments, to secure the five-year, fixed-rate loan through Loews Corp.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Michael Klein, Director Max Custer, Senior Director Brian Buglione and Analyst Benjamin Morgenthal.

The retail center–called Metro Shops–features 160,623 square feet of space and was built in 2007.

“There remains ample liquidity in the market for acquisition financing of well-located retail properties that feature stable occupancy by a mix of national, regional and local tenancy,” Klein said.