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News release

WASHINGTON, D.C.

Jones Lang LaSalle Secures Financing for Kenwood Condominium Garage


WASHINGTON, March 20, 2013 — Jones Lang LaSalle’s Capital Markets experts today announced the firm has arranged $10 million in financing on behalf of The Kenwood Condominium, located at 5101 River Road in Bethesda, Maryland. The financing will be used for the renovation of the parking garage, which consists of 370 spaces on three levels. 

Managing Director Wes Boatwright and Executive Vice Presidents Jon Goldstein and Mike Yavinsky led the Jones Lang LaSalle team on the financing.  They secured the $10 million loan through the Bank of Georgetown.

The property is located at the intersection of River Road and Little Falls Parkway in a densely populated, affluent area approximately 0.8 miles from the border of Washington, DC and less than two miles from downtown Bethesda.  
About Jones Lang LaSalle Capital Markets

Jones Lang LaSalle 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 a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.

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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.