$47 million financing arranged by JLL Capital Markets for newly built St. Louis apartment building

  

Mary Dooley

CHICAGO, IL, Aug. 7, 2023 – JLL Capital Markets has arranged a $47 million loan to refinance Marlowe, a newly built, 205-unit, Class A multi-housing community located in the Central West End neighborhood of St. Louis, Missouri.

Danny Kaufman

JLL worked on behalf of the borrower, Keeley Properties, to secure the four-year, fixed-rate loan through an Insurance Company. Sound Mark Partners provided preferred equity for the transaction.

 

Completed in 2022, Marlowe features studio, one- and two-bedroom units featuring modern kitchens with a center island, GE Energy-Star kitchen appliances and washers/dryers, quartz countertops, luxury plank flooring and high-performance solar window shades.

Rebecca Brielmaier

Marlowe is located at 4545 Laclede Ave. within Central West End, well-known for its quaint sidewalk cafes, high-end restaurants and numerous dining, shopping and entertainment options, all adjacent to the Barnes-Jewish Hospital/Washington University medical district.

 

Philip Galligan

The JLL Capital Markets Advisory team was led by Senior Managing Director Danny Kaufman, Directors Philip Galligan and Mary Dooley and Associate Rebecca Brielmaier.

CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com