Jen Pollock |
ORLANDO, FL – JLL Capital Markets has arranged $32.7 million in financing for two Downtown Orlando office properties: the GAI Building, a trophy office property totaling 106,966 square feet and 100 E. Pine St., an 80,010-square-foot office building.
GAI Building, 106,966 SF, Downtown Orlando, FL |
Loan proceeds were used to acquire the GAI
Building and recapitalize 100 E. Pine St. JLL was also involved in the sale of the GAI
Building to Denholtz.
100 East Pine Street Office Building, 80,010 SF, Downtown Orlando, FL |
The
GAI Building is fully leased to six tenants, including GAI Consultants who
operates its southeastern headquarters at the property.
Michael Klein |
100 E. Pine St. is a six-story property that was extensively renovated in 2018/2019.
The 90-percent-leased asset has a diverse tenant roster and offers tenants a recently renovated lobby and ground floor retail space.
100 E. Pine
St. is located at the intersection of East Pine St. and South Magnolia Ave.
convenient to major transportation nodes, including Interstate 4 and SR 408.
Both properties benefit from the growing Downtown Orlando office market, which has seen rents and demand steadily increase.
Jon Mikula |
JLL’s
Debt Advisory team representing the borrower was led by Senior Managing
Directors Michael Klein and Jon Mikula, Senior Director Maxx
Carney and Associate Ryan Carroll.
The
Ameris Bank team was led by Senior Vice President Jen Pollock, CCIM.
“The competitiveness of this financing process was emblematic of lenders continued demand to finance well-located, high-quality office assets for experienced, hands-on operators like Denholtz Properties,” stated Carney.
Maxx Carney |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
Ryan Carroll |
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Contact:
Kristen Murphy
Director,
Public Relations, Americas
JLL
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Post Office Square, Suite 3500
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+1 617 848 1572
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+1 617 543 4873
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