JLL SECURES $205M LOAN FOR DALLAS OFFICE COMPLEX

DALLAS — Jones Lang LaSalle’s (JLL) Capital Markets has secured a $205 million loan for a joint venture for The Crescent, a 1.3 million-square-foot office complex in Dallas. The joint venture between J.P. Morgan Asset Management and Crescent Real Estate Equities received the 10-year, interest-only loan through MetLife. JLL’s Mike Melody, Paul House, Robby Zorich and John Alvarado arranged the financing. The Crescent features Class A office and retail space, and is comprised of more than 100 tenants. The property is located in Dallas’ Uptown/Turtle Creek submarket at 200 Crescent Ct.