$290M construction financing secured for Dallas Class AA trophy office tower [Yahoo! Finance]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: Yahoo! Finance
DALLAS April 16, 2024 /PRNewswire/ -- JLL 's Capital Markets group announced today that it has arranged a $290 million construction loan for Parkside Uptown, an approximately 500,000-square-foot, trophy Class AA office tower being built in Uptown Dallas. JLL worked on behalf of the developer, Pacific Elm Properties, to secure the four-year, floating-rate loan from the Real Estate group within Goldman Sachs Alternatives. Due for completion in 2027, Parkside Uptown will stand 30 stories tall and offer trophy office space and top-of-the-line amenities, including a sky lobby and lounge, outdoor tenant terraces, fitness facilities and ground-floor retail. Bank of America has pre-leased 49% of the space as of the time of loan closing. According to JLL Research , highly amenitized buildings are expanding their outperformance against the broader market with certain amenities such as roof terraces or outdoor seating driving the most rent premiums. Parkside Uptown is located at the cor
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News
- Miami Office Tower Goes Up for Sale for More Than $500 Million [BNN Bloomberg (Canada)]BNN Bloomberg
- Jones Lang LaSalle (JLL) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Rudin family plans to sell downtown's 80 Pine St. to Brooklyn developer Bushburg for $160M [Yahoo! Finance]Yahoo! Finance
- Eat, sleep, live luxury: LVMH is building whole cityscapes centered on their designer stores [Business Insider]Business Insider
- Blackfort partners with Archistar to deliver technology-enabled real estatePR Web
JLL
Earnings
- 2/27/24 - Beat
JLL
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- JLL's page on the SEC website