JLL Capital Markets handles $12 million financing for ATLAS Germann, a state-of-the-art industrial development in Gilbert, AZ

 

Jason Carlos 

PHOENIX, AZ –  JLL Capital Markets has arranged $12 million in construction financing for ATLAS Germann, a premier industrial development totalling 60,500 square feet in Gilbert, Arizona.

 

 JLL represented the borrowers, ATLAS and OakPoint, to secure the five-year, fixed-rate loan from a regional bank

.

The property is fully pre-leased to Frito-Lay, Inc. for 10 years, which was arranged by JLL’s leasing team.

 

ATLAS Germann will consist of 60,500 square feet located on 8.16 acres in the Southeast Valley, Phoenix’s premier industrial market, and one of the most highly sought-after industrial markets in the United States.

Jarrod Howard

The JLL Capital Markets team was led by Senior Director Jason Carlos and Associate Jarrod Howard. The JLL leasing team was led by Executive Managing Director Steve Larsen and Managing Director Kyle Westfall.

 

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 and advisory, debt advisory, equity advisory or a recapitalization.

 Steve Larsen

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

For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT:

 

Alli Stent (Semans)

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

alli.stent@jll.com

LYND Partnership Closes on $12 Million Refinancing of Waterfront Development Site in Dania Beach, FL

Rendering of The Aileron, a planned15-story residential tower
on a canal at 90 S. Bryan Road, adjacent
 to the Dania Pointe retail center
and Spirit Airlines headquarters.

 

DANIA BEACH, DL and SAN ANTONIO, TX. Nov.22, 2023) – A partnership between LYND and Dania Beach Marina Corp. led by Michael M. Lally, has refinanced a 2.91-acre development site in Dania Beach with a $12 million loan.

The partnership plans to start construction on a 15-story residential tower on a canal at 90 S. Bryan Road, adjacent to the Dania Pointe retail center and Spirit Airlines headquarters.

The project's name, The Aileron, will feature 380 studios, one - two and three-bedroom units, and work-live units, ranging in size from 627 square feet to 2,222 square feet.  The Aileron will feature high-end appliances, quartz countertops, and oversized glass windows, affording owners stunning view corridors.

One of the project’s key highlights is the Dania Beach Marina Club, which will provide 12 boat slips and electronic boat rentals.  Owners and guests will be able to run or walk along the marina boardwalk and enjoy a cocktail at a nearby tiki bar.

 A. David Lynd

Other building amenities include a panoramic fitness suite, serenity yoga and Pilates studio, community lounge, gourmet community kitchen, juice bar, rooftop bar, and two distinct pools.

“Nestled amidst the vibrant heart of Dania Pointe, The Aileron stands as a beacon of modern luxury with an unconventional twist. It's where the magic of waterfront living intertwines with urban convenience, offering a lifestyle that's both aspirational and accessible,” said LYND CEO A. David Lynd.

Construction is expected to start in the third quarter of 2024.  

The project was previously named the Waves Dania Beach prior to LYND joining Lally, the original landowner, as the development partner.  

The partnership owns a development site next door to The Aileron and are approved to build an additional 380 units in the future, which will be phase 2. 

 

 

 

 

 CONTACTS:

 

Todd Templin,

 Boardroom PR

ttemplin@boardroompr.com

954-370-8999 or 954-290-0810

 

Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

 www.lynd.com.