JLL Arranges $10.5M Loan for Refinancing of Retail Center in Lubbock


Rockridge Plaza in Lubbock was 95 percent occupied at the time of the loan closing.

LUBBOCK, TEXAS — JLL has arranged a $10.5 million loan for the refinancing of Rockridge Plaza, an 86,500-square-foot retail center located in the West Texas city of Lubbock. The property was 95 percent leased at the time of sale to a mix of national retailers and local businesses. Jimmy Board and Wes Wallace of JLL arranged the fixed-rate, nonrecourse loan through Deutsche Bank on behalf of the borrower, Graco Real Estate Development.

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