JLL Capital Markets led $28 million refinancing for The Landing at Augusta Woods in Spring, TX

 

Alanna Ellis

ORANGE COUNTY, CA, Oct. 25, 2023 -- JLL Capital Markets announced today that it arranged a $28 million senior mortgage for The Landing at Augusta Woods, a 148-unit senior housing community in Spring, Texas.

 

Zane Sweet

JLL represented, Harmony Communities, to secure the four-year, fixed to floating rate loan from a Life Insurance Company to refinance an existing construction loan and fund additional expansion of the community.

The JLL Capital Markets Debt Advisory team was led by Senior Director Zane Sweet, Director Alanna Ellis and, Analysts Zach Brantley and Kyle White

The community is comprised of a 120-unit apartment-style complex that provides independent living, assisted living and memory care, and 28 to-be-built independent living duplex-style cottage units.

Zach Brantley 

 The luxurious country club style facility is designed to immerse residents into an engaging community with resort-style amenities and best-in-class care services.

Spring, Texas is located just outside of The Woodlands, which is one of the nation’s premier master planned communities.

 It offers a unique blend of an urban neighborhood with suburban conveniences, which include prestigious residential communities and amenities.

 Situated on 28,000 acres, The Woodlands is located just 27 miles north of the Houston CBD and 15 minutes to the north of the George Bush Intercontinental Airport.

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality, Capital Markets

JLL
M +1 330 329 6750

 

 

Rialto Village, NewMark Merrill’s Second Project in the City of Rialto, Grand Opens at 100% Pre-Leased

Hannah Curran

Rialto, CA, Oct. 25, 2023 – Newmark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, is pleased to announce the official opening of Rialto Village, a newly developed 96,011-square-foot grocery anchored center located off the San Bernardino Freeway, off the corner of Riverside Avenue and San Bernardino Boulevard in South Rialto, California.

Greg Giacopuzzi

The company hosted a ribbon cutting ceremony for the new center on Friday, October 13th.

 

Rialto Village is currently 100% percent leased. Sprouts, Burlington, In-N-Out, and Quick Quack Car Wash opened last month.

 

Other merchants scheduled to open in the coming months include Ulta, Five Below, Mochinut, Red Phoenix Nail Salon, West Coast Dental, Coffee Bean, Cold Stone, Nekter Juice Bar, Sharetea, The Joint Chiropractor, AhiPoki Bowl, Every Table, Arrowhead Credit Union, and Mattress Firm.

 

This is NewMark Merrill’s second development in the City of Rialto.  They build the adjoining Wal-Mart anchored Rialto Marketplace, partnering with Pacific Retail Partners, which adjoins this project, and is also 100% leased. 

Darren Bovard

Many of the tenants in Rialto Village are the second or third locations in the City of Rialto, which speaks to the quality of the community.

 

Greg Giacopuzzi and Darren Bovard of NewMark Merrill along with Brian McDonald, Walter Pagel, and Hannah Curran of CBRE secured the leases and are overseeing leasing at the center.

 

“Rialto Village is the product of a great working relationship with the City of Rialto, our long-term investment in the community, as well as exceptional merchants who want to build or extend their presence in the neighborhood” said Sandy Sigal, NewMark Merrill Chairman and Chief Executive Officer.

 Brian McDonald

“We are very excited that Sprouts decided to build their first location in the area at this site, adding a healthy grocery alternative to this part of the community.

 

"We are also excited to welcome so many first tier national, regional and local merchants.

 Have a center planned, 100% leased, and built from the period of COVID and in an uncertain economic environment serves as tribute to the strength of long-term planning and community relationships that are the center of our development philosophy.”

 Contact:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”