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News release

Wasington, DC

Sale of Suburban Apartments Makes Mark on DC

JLL secures $70.75 million in acquisition financing for The Mark at Brickyard


WASHINGTON, DC, March 27, 2017 – On behalf of Harbor Group International, JLL's Capital Markets experts today announced the firm secured $70.75 million in financing for the purchase of The Mark at Brickyard, a 433-unit, Class A multifamily and retail building in suburban Washington, DC. JLL worked with Freddie Mac as an Approved Conventional Lender to provide the seven-year, floating-rate loan.

Mark at Brickyard, The.jpgExecutive Vice President Shawn McDonald led the JLL team on the financing.

"This was an excellent lending opportunity as the affordability and transportation options of the Washington, DC suburbs continue to make it a place people want to live," said McDonald. "We anticipate lenders to continue to provide loans for deals with strong sponsors and high-quality assets."

Located along Route 1 and next to Interstate 95, The Mark at Brickyard provides a wide range of commuting options to Washington, DC, Baltimore or Fort Meade. The building is just blocks from the Muirkirk MARC rail station, which serves the MARC Train's Camden line.

Community amenities include a club room with a gourmet kitchen, a movie theater, state-of-the-art fitness center, swimming pool, grilling area, an internet lounge, electric car charging stations and a business center. 

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 leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.