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News release

Dallas

Prime Location Drives Financing for Dallas Art District Office Tower

JLL secures bridge financing for the acquisition of Saint Paul Place


​​JLL’s Capital Markets experts today announced the firm secured bridge financing on behalf of Quadrant Investment Properties for the purchase of Saint Paul Place, a 273-213-square-foot office property located in downtown Dallas. Pine River Capital Management L.P. provided the loan.


Managing Director Randy Fleisher and Executive Vice President Jason Piering led the JLL team on the transaction.

 

 “A core-plus asset in a location that is experiencing tremendous economic and cultural growth, paired with Quadrant Investment Properties’ proven track record of success in this market poises Saint Paul Place to capitalize on increasing tenant demand for office space,” said Fleisher.

 

Saint Paul Place is a 22-story Class A boutique office property located directly across from the Dallas Museum of Art in the nation’s largest art district and near various multifamily, retail and hotel properties.

 

JLL 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 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

 

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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About JLL

 

JLL (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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.