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News release

HOUSTON

JLL secures financing for highly visible suburban shopping center


HOUSTON, June 6, 2017 – JLL's Capital Markets experts today announced the firm secured $22.15 million in acquisition financing for Humblewood Center, a 172,897-square-foot shopping center in suburban Houston.

Managing Director Jimmy Board and Associate Jarrod McCabe led JLL's team on the financing on behalf of Forge Capital Partners. JPMorgan Chase provided the five-year, fixed-rate loan.

"The center sits at northeast Houston's most significant retail intersection. It's a retail hub with huge regional draw and a high-performing mix of national and regional tenants, which makes it an excellent lending opportunity," said Board.

Humblewood Center is located at the southwest corner of U.S. Highway 59 and FM 1960, near other major retail centers like Deerbrook Mall and Deerbrook Marketplace. With more than 123,000 people within a 5-mile radius and over 129,000 cars passing by each day, the center benefits from a strong consumer base and high visibility.  

Built in 1980, Humblewood Center has a mix of national and regional tenants including Petco, Conn's Home Plus and Skechers.

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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 the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 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.​