JLL Capital Markets arranged the sale and the acquisition financing for the 314-unit AMLI Design District in Dallas, TX

 

Melissa Quinn

DALLAS, TX – JLL Capital Markets has closed the sale and arranged the acquisition financing for AMLI Design District, a 314-unit, Class A, mixed-use, high-rise multi-housing asset located in Dallas, Texas. Terms of the deal were not disclosed.

 

JLL represented the seller, AMLI Residential, and procured an international real estate investor as buyer, HASTA Capital.

Lauren Dow

JLL worked on behalf of the new owner to secure acquisition financing through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC., a Freddie Mac Optigo℠ lender.

 

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Roberto Casas. The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Melissa Quinn and Lee Weaver, Vice President Rob Rothaug and Analyst Cristian Sieman, with an assist from the local Dallas Debt Advisory team, including Director Lauren Dow and Associate Chris Grievous.

Lee Weaver

“We are thrilled to have closed this transaction for HASTA that exemplifies the perfect blend of a great asset, a fast execution and incredible teamwork,” said Quinn.

 

 “Thanks to the collaborative efforts of our respective teams, the deal was swiftly executed, ensuring that our client's objectives were met with the Freddie Mac loan.”

 

Originally built in 2013, AMLI Design District consists of 312,806 square feet of residential space, 26,830 square feet of ground-floor retail and an expansive covered parking garage with 664 spaces.

 

Rob Rothaug 

 The property features studio, one- and two-bedroom units with gourmet kitchens, stainless-steel appliances, spa-style bathrooms, walk-in closets, full-size washers and dryers, quartz countertops, floor-to-ceiling windows and hardwood-style vinyl floors.

Community amenities include an infinity-edge pool, a pool deck with private cabanas, premium outdoor grilling stations, a coffee bar and skyline lounge, complimentary bike rentals and personal bike storage, a pet spa, indoor and outdoor pet parks, a state-of-the-art fitness center, an executive conference room and more.

 

Situated at 1400 Hi Line Dr., the property sits within the Dallas’s popular Design District, which is a part of the greater Intown submarket and is best known for high-end retail shops, luxury showrooms and eclectic dining experiences.

Chris Grievous

AMLI Design District is conveniently located directly off of I-35E, allowing visibility to approximately 250,000 vehicles per day and providing residents an eight-minute drive to the employment hub of downtown Dallas.

Additional proximate demand drivers include Victory Park, Uptown, the Dallas Medical District and Downtown Dallas, Harwood district, the Northend redevelopment, Klyde Warren Park and Deep Ellum. 

The property also is just a 20-minute drive to Dallas Fort Worth International Airport.

 

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform.

Roberto Casas.

The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

 

JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

 

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

 

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

Cristian Sieman

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

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

 

CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com    

JLL Capital Markets arranges financing for two newly built, adjacent retail properties within the Kyle Crossing mixed-use development in Kyle, TX

 

Kaitlin Kane

AUSTIN, TX – JLL Capital Markets has arranged the acquisition financing for two, newly built, adjacent retail properties located in the Kyle Crossing mixed-use development within the Austin suburb of Kyle, Texas. Terms of the deal were not disclosed.

 

CW Sheehan

JLL worked on behalf of the borrower, Door Capital Partners.

 

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director CW Sheehan and Analysts Kaitlin Kane and Hunt Wood.

 

“This is another great acquisition for the Door Capital team,” said Sheehan. “Kyle is the third fastest growing city in the county, and this is an outstanding retail corridor.”

 

The Austin JLL Retail Brokerage team represented the seller.

 

The Kyle Crossing mixed-use development provides space for a variety of businesses, including retail, health and wellness, restaurants and entertainment.

 

 Hunt Wood

The two retail buildings are a part of the Kyle Crossing Phase II development and are 100-percent-occupied on a triple-net-lease basis.

 

CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com