JLL closes $10.75 million sale of Portland, OR-area medical office plaza

Wilsonville Medical Plaza is a 24,057-square-foot medical office building in the Portland-area community of Wilsonville, OR

Maria Poyer

SEATTLE, OR – JLL announced it has closed the $10.75 million sale of Wilsonville Medical Plaza, a 24,057-square-foot medical office building in the Portland-area community of Wilsonville, Oregon.

Evan Kovac

JLL marketed the property on behalf of the seller. A private investor in a 1031 exchange emerged through a highly competitive sale process and purchased the medical office property in an all-cash transaction.

Constructed in 2009, Wilsonville Medical Plaza serves as a strategic outpatient medical center for both Providence Health (Moody’s: Aa3) and Sports Medicine Oregon (SMO). 

The building is located on 2.25 acres at 29345 SW Town Center Loop approximately 15 miles south of downtown Portland in Wilsonville, an affluent community that is the fastest-growing suburb of Portland and the third fastest-growing city in Oregon.

 The property is strategically positioned for easy access and visibility from Interstate 5, the prominent north-south freeway that connects Portland to Salem. 

Andrew Milne

Within a mile of Wilsonville Medical Plaza, there are three well-regarded senior living communities, Brookdale Wilsonville, The Springs at Wilsonville and Portera at the Grove.

The JLL Capital Markets team representing the seller was led by Managing Director Evan Kovac, Directors Andrew Milne and Logan Greer, Senior Associate Trent Jemmett and Analyst Maria Poyer.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

Logan Greer

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Trent Jemmett 

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

  

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

Contact: 

Kimberly Steele, JLL Digital Content/PR Specialist

Phone: +1 713 852 3420

Email: kimberly.steele@am.jll.com

jll.com.

GLT Group Brokerage Arranges $11.7 Million Sale of Grocery Anchored Shopping Center in Seminole FL

Seminole Oaks, a 63,572 - square foot grocery anchored 

shopping center located at 10330-10390 Seminole Boulevard 

in Tampa Bay Seminole, FL

MIAMI, FL — GLT Group Brokerage announced the sale of Seminole Oaks, a 63,572 - square foot grocery anchored shopping center property located in Tampa Bay Seminole, Fla. 

Sean Shahar A. Ziv 

Sean Shahar A. Ziv represented the seller, a multi-billion foreign real estate fund with properties across the US. GLT Group Brokerage also procured the buyer, a private individual in a 1031 exchange.

The 15- year-old Seminole shopping center anchored by an above-average Winn-Dixie supermarket was sold for $11.7 million. 

“This location is a top store for Winn-Dixie with sales well above the chain average, supported by small-shop national and local tenants that are performing well” says Sean. 

The shopping center had a 98 percent occupancy rate at the time of the sale.

 It is well-positioned in the main retail node of Seminole Boulevard and 102nd Avenue and has an approximate population of 240,000 within a 5 mile radius.

For more information, please visit The GLT Group online at (www.thegltgroup.com).

CONTACT:

444 Brickell Avenue Suite 730 Miami, FL 33131 USA License FL SL3278866 License CA 01918311

+1 (786) 860-5982  Office +1 (858) 248-3980  US mobile rziv@thegltgroup.com w

JLL arranges $24 million financing for Agora at Port Richey Apartments in Tampa, FL area

Agora at Port Richey is a 288-unit, garden-style 
apartment community in Port Richey, FL

MIAMI, FL  – JLL announced  it has arranged a $24 million loan to refinance Agora at Port Richey, a 288-unit, garden-style apartment community in Port Richey, Florida.

Working exclusively on behalf of Agora Capital Partners, JLL placed the 10-year, fixed-rate loan with Goldman Sachs. The loan, which closed on July 31 and includes interest-only payments for the full term, replaces acquisition financing the same deal team secured on the borrower’s behalf in 2017.

Elliott Throne

Agora at Port Richey features 24, two-story buildings totaling 264,168 rentable square feet with a variety of one-, two- and three-bedroom layouts. 

Unit amenities include faux granite countertops, raised panel cabinet doors, new appliances and faux wood plank flooring. 

Community amenities include a swimming pool with cabanas, fitness center, dog park, playground, clubhouse, business center, internet café and coffee bar.

The JLL Capital Markets team representing the borrower was led by Managing Director Elliott Throne and Director Jesse Wright.

Jesse Wright

“Goldman Sachs provided a very attractive, low-rate, full-term, interest-only loan with a cash out option that won the business in the midst of a highly competitive lender field, including the agencies and other CMBS shops,” Wright said. 

“With this financing, the borrower has put themselves in an excellent position to hold the asset long-term.”

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

Contacts:

 Elliott Throne, JLL Managing Director 

Phone:  +1 305 421 6549

Email: Elliott.Throne@am.jll.com

 Olivia Hennessey, JLL Public Relations Specialist

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

 jll.com.