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| A 10-property retail portfolio totaling over one million square feet in strategic trade areas in the Washington, D.C., Baltimore, Chicago, San Diego, Los Angeles, San Francisco and Seattle metros. |
ORLANDO, FL, April 26, 2021 – JLL Capital Markets announced today that it has arranged $197 million in senior debt for the refinancing of a 10-property retail portfolio totaling over one million square feet located in strategic trade areas in the Washington, D.C., Baltimore, Chicago, San Diego, Los Angeles, San Francisco and Seattle metros.
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| Tarik Bateh |
The
portfolio is approximately 97% leased overall and consists primarily of best-in-class
grocery and pharmacy neighborhood centers anchored by Trader Joe’s, Giant,
Safeway, Ralph’s, Albertson’s, Mariano’s, Walgreens, CVS and Rite Aid.
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| Greg Brown |
JLL’s Capital Markets team representing the borrower was led by Senior Director Tarik Bateh. Additional JLL Capital Markets team members included Senior Managing Directors Greg Brown, Bruce Ganong and Keith Largay, Senior Director Chris Hew and Director Drew Heitstuman.
“Despite current market volatility due to
COVID-19, the capital markets remain selectively open for retail assets and
this large scale offering garnered significant lender interest,” Bateh said.
“Regency’s
best-in-class operating team and long-term commitment to the properties created
conviction around the assets’ durability.
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| Bruce Ganong |
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 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.
For more news, videos and research
resources on JLL, please visit our newsroom.
About Regency Centers Corporation
(NASDAQ: REG)
Regency Centers is the preeminent national
owner, operator, and developer of shopping centers located in affluent, infill
suburban trade areas.
 |
| Keith Largay |
Operating
as a fully integrated real estate company, Regency Centers is a qualified real
estate investment trust (REIT) that is self-administered, self-managed, and an
S&P 500 Index member.
About HIMCO
HIMCO has been providing investment advice for
over 35 years.
With
more than 130 investment professionals and approximately $106 billion in assets
under management (as of December 31, 2020) across the fixed income, alternative
and equity markets, we are able to deliver tailored strategies to insurance,
sub-advisory and other institutional clients.
 |
| Chris Hew |
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.
 |
| Drew Heitstuman |
JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020.
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle
Incorporated.
CONTACT:
Kristen
Murphy
Senior Manager
Public Relations
Investor Services
JLL
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
