Sunday, December 8, 2024

JLL Capital Markets handles $25 million refinancing loan for Luxe on Madison, the Class-A multi-housing community in Chicago's sought-after Fulton Market neighborhood

 

 Mary Dooley

CHICAGO, IL – JLL Capital Markets has secured the $24.75 million refinancing for Luxe on Madison, a 102-unit, Class-A multi-family community in Chicago, Illinois.

 

JLL represented the borrower, Fifield Companies, in arranging the five-year, fixed-rate loan through MetLife Investment Management.


Danny Kaufman
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Danny Kaufman, Director Mary Dooley, Associate Rebecca Brielmaier and Analyst Mackenzie Jones.

 

"Luxe on Madison represents an excellent financing opportunity in one of Chicago's most dynamic neighborhoods," commented Dooley. "The property's strong operating history and prime location continue to attract residents, and the strong underlying market fundamentals provide further support for a secure mortgage investment.”

 

Luxe on Madison is strategically located at 1222 West Madison St., in one of the city's fastest-growing mixed-use neighborhoods. The property offers residents immediate access to major employers, world-class dining and entertainment options, just a ten-minute walk from the center of the Fulton Market District.

 

 Rebecca Brielmaier 

Luxe on Madison is a sophisticated five-story, mid-rise community constructed in two phases in 2009 and 2016, offering a total of 102 residential units complemented by approximately 7,300 square feet of ground-floor retail.


Mackenzie Jones

The property features a mix of studios, one- and two-bedroom units, boasting an average size of 845 square feet. Each apartment is thoughtfully designed with high-end finishes, including quartz countertops, stainless steel appliances, oversized windows, tile backsplash, plank flooring and 10-foot ceilings.

 

Residents can also enjoy access to a range of amenities such as a fitness center, coworking spaces, a rooftop terrace lounge and a covered parking garage.

 

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

 

Steven Fifield

About Fifield Companies

 

Fifield Companies, founded in 1977 by Steven Fifield, is a Chicago-based real estate development firm specializing in luxury urban high-rise residences and office towers. With over 40 years of experience and more than $7 billion in developments across major markets, Fifield has established itself as a premier developer.

 

 

Contact: 

 

Gréta Kieras

Senior Associate

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com


 

JLL to provide FM services with CORG for GSA facilities

Monique Derrick

CHICAGO, IL – JLL has announced that it, along with CORG Management Group, is providing the General Services Administration (GSA) integrated facilities management services for seven buildings and a parking garage in Atlanta, Ga., and 13 buildings and a parking garage in Aiken, Anderson Charleston, Columbia, Florence, Greenville and Spartanburg, S.C. 

 

Kameshia Freeman

JLL’s Government Facility Management team is working with CORG, a woman-owned business based in Atlanta, for both projects. Through their relationship, they will be responsible for providing comprehensive facilities management (FM) services, including mechanical, electrical, plumbing systems repair, maintenance and small project work. 


John Eagleeye

The JLL and CORG teams will help drive consistency and enhance and elevate GSA’s FM program, driving operational efficiencies that will result in cost savings with JLL’s customized preventative maintenance program.

 

This comprehensive approach ensures optimal facility management performance and a focus on sustainability and compliance with government initiatives.


Emmett Shaffer

JLL Managing Director Monique Derrick, Senior Directors John Eagleeye and Emmett Shaffer are leading the JLL efforts.

 

JLL Executive Director De’Von Williams with Solutions Development will ensure alignment with government RFPs, while JLL Senior Vice President Kameshia Freeman will manage the relationship and continue to work with GSA nationally to identify opportunities and ways to assist GSA in accomplishing its mission.

 

Vickey Evans

President and CORG Founder Vickey Evans and Vice President of Operations Paulanne Page are leading the efforts for CORG.

 

As a leading service provider for GSA, we look forward to continuing to expand our reach and mentor small businesses to deliver superior services for our clients," Derrick said.

 

The JLL-CORG solution specifically aligns with the government’s requirements and enables us to deliver mission-critical facilities management services to GSA.

 

De’Von Williams

“We are driven to build relationships with small businesses to empower and create opportunities for them, and our arrangement with CORG accomplishes this while also assisting GSA increase their small business participation and creating continuity and implementing best practices related to various processes and programs,” Freeman added.

 

“Vickey has showcased her leadership by expanding the company into three states since founding it in 2008. This collaboration is a testament to the strength of diverse leadership and a shared vision, setting a benchmark for future endeavors in the industry.”


 

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

 

 

About CORG Management Group

 

Established in 2008, CORG Management Group is a comprehensive solution provider with a successful history of providing innovative solutions that drive project success.

 

CORG is an SBA 8(a), Woman Owned Small Business (WOSB), Economically Disadvantaged Woman Owned Small Business (EDWOSB) and HUBZone certified firm headquartered in Columbia, South Carolina, and corporate office in Atlanta, Georgia. CORG is organized to provide cost-competitive services in the areas of facilities maintenance, construction management, logistical support and administrative management to the government and commercial sector.

 

CORG’s concentration is on administering proficient, accomplished and capable teamwork that is imperative for an optimal outcome and maximized results for each and every one of their client’s needs. 

 

 

 

 

CONTACT:

 Kimberly Steele

Phone: +1 713 852-3420

Email:  Kimberly.Steele@jll.com 

 jll.com

corg1.com.

us.jll.com/government