JLL Capital Markets leads $21.87 million financing for Renasant Place in downtown Birmingham, AL

Renasant Place, a 284,189-SF, 15-story
 office building in Birmingham, AL

 

 CHARLOTTE, July 15, 2021 – JLL Capital Markets announced that it has closed the $21.87 million financing of Renasant Place, a 284,189-square-foot, office building in Birmingham, Alabama.

John Gavigan.

 JLL worked on behalf of the borrower, Cicada Capital Partners, LLC and Eightfold Real Estate Capital, LP, to secure the floating-rate acquisition loan through Ladder Capital Finance LLC.

Sitting in the heart of the Birmingham CBD, the 15-story property is anchored by Renasant Bank and features a diversified rent roll, including tenants in the technology, financial services and legal industries.

 Renasant Place offers tenants a fitness center, two conference rooms, an on-site Renasant Bank branch.

 The JLL Capital Markets team representing the borrower was led by Director John Gavigan.

 CONTACT:

 

 Kristen Murphy

 JLL Senior Manager

 Public Relations

Phone: +1 617-848-1572

Email:  Kristen.Murphy@am.jll.com