HOUSTON — JLL has arranged $29.5 million in acquisition financing for a portfolio of eight light industrial buildings totaling 275,602 square feet in Houston. Known as the Houston Prime Shallow Bay Portfolio, the buildings feature clear heights up to 25 feet, 76- to 126-foot truck court depths and “abundant” dock and drive-in doors. Melissa Rose, Jack Britton, Josh Barker, Jovi Rodriguez and James Lovell of JLL arranged the loan through an undisclosed bank as part of a larger, $107.8 million financing package that includes industrial portfolios in Charlotte and Denver. The borrower was Miami-based Adler Real Estate Partners.
PORT HUENEME, CALIF. — Align REI has received $29.5 million in financing for Oliveira Plaza, neighborhood retail center in Port Hueneme in Ventura County, Calif. Greg Brown, Spencer Seibring and Nick Englhard of JLL Capital Markets secured the three-year bridge loan with a debt fund. Loan proceeds are being used to reposition a big box space at property for a new Sprouts Farmers Market. Situated on 9.3 acres at 693-749 Channel Islands Blvd., Oliveira Plaza features 116,035 square feet of retail space. Originally built in 1975 and updated over the years, Oliveira Plaza was 80 percent leased to a variety of of tenants, including West Marine Products, Dollar Tree, Bank of America, Panda Express and Carl’s Jr.
PALO ALTO, CALIF. — Gantry has secured a $25 million loan to refinance maturing debt from the acquisition and renovation of a creative office building located at 250 Cambridge Ave. in Palo Alto. The three-story building offers 38,000 square feet of modern creative office space. The property features open air corridors, a central courtyard and maturing landscape aligned with new building systems throughout and enhanced exterior finishes. Robert Slatt, Murphy Osborne and Joe Foley of Gantry represented the borrower, a private real estate investor. The three-year, fixed-rate loan with 30-year amortization was provided by one of Gantry’s correspondent life company lenders. Gantry will service the loan.
MIAMI — Northwind Group has provided a $98 million senior loan for the acquisition and redevelopment of 1250 West Ave., an existing 238-room condominium building located in Miami Beach. Terra is leading the project in partnership with JDS Development Group, Rafi Gibly and Gianluca Vacchi, which acquired more than 95 percent of the units at the property. The group plans to transform the property into a luxury condominium tower on Biscayne Bay, with new entitlements permitting development up to 330 feet in height, with an anticipated 100-unit residential program. Northwind Group originated the loan through its Northwind debt investment fund III. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz and Sean Bastian of Walker & Dunlop arranged the financing on behalf of the borrower.
BUCKS COUNTY, PA. — Affinius Capital has provided a $132.4 million loan for the refinancing of an 815,000-square-foot industrial property located northeast of Philadelphia in Bucks County. Known as Lower Bucks Logistics Hub, the newly constructed facility comprises two buildings — a 361,000-square-foot rear-load structure and a 453,000-square-foot cross-dock structure — with clear heights of 40 feet. Chad Orcutt and Michael Pagniucci of JLL arranged the loan through Affinius Capital on behalf of the borrower, a joint venture between an affiliate of Boston-based Foxfield, and an undisclosed, New York-based real estate private equity firm.
LONG BEACH, CALIF. — JLL Capital Markets and HJ Sims have closed $80.1 million in tax-exempt bond financing for the development of Sunrise of Long Beach, a Sunrise Senior Living community in Long Beach. On behalf of Quality Senior Housing Foundation and Sunrise Senior Living, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting teams of HJ Sims and JLL Securities, secured financing through California Public Finance Authority Senior Living Revenue Bonds, Series 2025A. Located at 3340 N. Los Coyotes Diagonal, the two-story, 78,227-square-foot community will feature 62 assisted living and 24 memory care apartments across 102 licensed beds. Assisted living accommodations will include generously sized studio layouts with private bathrooms, kitchenettes with refrigerators and individually controlled HVAC systems, while memory care offerings will include both private studios and shared suites designed to accommodate couples or roommate preferences. Community amenities will include a wellness center, multiple dining venues, including a formal dining room and casual bistro, a library, theater room, fitness center, beauty salon and four secure landscaped courtyards. The project team includes Sunrise Development as developer, W.E. O’Neil Construction Co. as general contractor and HPI Architecture providing design services. Construction is slated for completion in first-quarter 2027.
NOBLESVILLE, IND. — ACRES Capital has provided a $54.3 million loan for the refinancing of Promenade Trails, a 210-unit multifamily community in the Indianapolis suburb of Noblesville. The age-restricted property offers one- and two-bedroom units with 476 parking spaces, a pool, sun deck, fitness center, pet spa, clubhouse and dog park. Justus Cos. was the borrower.
MISSOURI CITY, TEXAS — Miami-based lender BridgeInvest has provided a $40.5 million loan for the refinancing of Ravella at Sienna, a 292-unit apartment community located in the southwestern Houston suburb of Missouri City. According to Apartments.com, the property offers one-, two- and three-bedroom units that range in size from 609 to 1,517 square feet. Amenities include a pool with cabanas, outdoor gaming lounge, entertainment kitchen, fitness center, dog park and an executive conference room. Way Capital arranged the loan on behalf of the owner, an entity owned by a partnership between Orion RE Holdings and Sabal Investment Holdings. The property was 92 percent occupied at the time of the loan closing.
SIGNAL HILL, CALIF. — Marcus & Millichap has brokered the sale of a four-tenant retail pad in Signal Hill. Knouraki Corp. sold the asset to D’Oyen Trust for $6.2 million. Situated within Signal Hill Gateway, the property is occupied by Starbucks Coffee, Chipotle Mexican Grill, Bank of America and Milano Nail Lounge on triple-net leases. Sheila Alimadadian of Marcus & Millichap represented the seller, while Jonathan Weir and Stefan Ignjatovic of Marcus & Millichap procured the buyer in the deal. Danny Abergel of Marcus & Millichap Capital Corp. arranged acquisition financing for the transaction.
HELMETTA, N.J. — JLL has arranged a $38.4 million loan for the refinancing of The Lofts at Helmetta, a 200-unit apartment complex in Central New Jersey. The complex is a conversion of the historic Helme Snuff Mill Complex, which was originally built in 1886 and shuttered in 1993. Residences come in one- and two-bedroom floor plans and are furnished with stainless steel appliances, granite countertops, hardwood plank flooring and in-unit washers/dryers. Amenities include a pool, fitness center, dog park, children’s play area, pet spa, bar/arcade room and a resident lounge with a coffee bar. Jim Cadranell, Michael Klein and Michael Donohoe of JLL arranged the five-year, fixed-rate loan through Nuveen Real Estate on behalf of the owner, Kaplan Cos.