Wednesday, January 22, 2020

JLL arranges $20 million refinancing for Sam Houston Crossing II in Houston, TX


Sam Houston Crossing II office property, northwest Houston, TX

HOUSTON, TX – JLL Capital Markets announced it has arranged a $20 million refinancing for Sam Houston Crossing II, a 160,000-square-foot office property in northwest Houston, Texas.

JLL worked on behalf of the borrower, Buchanan Street Partners, to secure the five-year, 4.0% loan with East West Bank.

Sam Houston Crossing II is a three-story office building fully leased to three tenants.  

 Laura Sellingsloh
Located at 10344 Sam Houston Park Drive, the property is positioned on 8.5 acres along the Sam Houston Tollway (Beltway 8) providing connectivity to all of Houston’s major freeways, including 290 and Interstates 10, 45 and 69. 

The JLL Capital Markets team representing the borrower was led by Senior Vice President John Ream and Associate Laura Sellingsloh.

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 advisory, debt placement, equity placement or a recapitalization. 

John Ream

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

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



Contact:

 Kristen Murphy
 JLL Senior Manager
 Public Relations
Phone: +1 617 848 1572


JLL arranges $57.58 million loan for extended-stay hotel in Chicago


Home2Suites by Hilton Chicago River North

CHICAGO, IL – JLL Capital Markets announced it has arranged a $57.58 million refinancing for Home2Suites by Hilton Chicago River North, a newly constructed, 206-suite, extended-stay hotel in Chicago’s downtown River North neighborhood.


Nicole Aguiar 

JLL worked on behalf of the borrower, Akara Partners, to place the floating-rate loan with a global investment management firm. Loan proceeds will be used to refinance the construction loan.

 Keith Largay
Home2Suites by Hilton Chicago River North opened its doors in February 2019.

 The 17-story, pet-friendly hotel features a contemporary design, flexible guest room configurations and a concrete and glass exterior with floor-to-ceiling windows. 

Guest amenities include a fitness center, business center, outdoor terrace with fire pit, free breakfast, meeting space with teleconferencing capabilities, and a ground-floor restaurant. 

Situated in the heart of River North at 110 West Huron Street, the Home2Suites is between Michigan Avenue, Chicago’s largest shopping district, and the Loop, the downtown financial district. 


Jeff Bucaro
The hotel is surrounded by 146 million square feet of office space and within walking distance to the new, $100-million Chicago Riverwalk. 

Additionally, the hotel is proximate to major Chicago attractions, including Navy Pier, Millennium Park, the theater district, and the United Center.

The JLL Capital Markets team was led by Keith Largay, Jeff Bucaro, Nicole Aguiar and Brian Walsh.

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 advisory, debt placement, equity placement or a recapitalization. 
Brian Walsh

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

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


About Akara Partners:

Akara Partners is a data-driven direct real estate investment, development and operating platform that employs opportunistic investment strategies to generate superior risk-adjusted returns. 

Akara was founded in 2013 to capitalize on investment opportunities across the real estate value chain. 


Contact: 

Kimberly Steele
JLL Senior Associate
Public Relations
Phone: +1 713 852-3420