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News release

Chicago

JLL secures $93 million to refinance Houston’s Meyerland Plaza


HOUSTON, Oct. 25, 2017 – JLL's Capital Markets experts today announced the firm secured $93 million on behalf of a joint venture that includes Fidelis Realty Partners. John Hancock provided the loan, which will be used to refinance Meyerland Plaza, an 860,308-square-foot retail center in Houston. ​

Executive Managing Director Tom Fish, Managing Director Jimmy Board and Associate Molly Leinsdorf led the JLL team on the financing.

The property is located at the highly visible intersection of West Loop South and Beechnut Street, with more than 400,000 vehicles passing by each day on the 610 Loop alone. The surrounding neighborhood also boasts an average household income that is more than double the national median.

Meyerland Plaza features JC Penney, Bed Bath & Beyond, Ross Dress for Less, Marshall's, Best Buy and an array of accessible and high-end dining and entertainment options such as Chick-fil-A, Saltgrass Steakhouse and Beck's Prime.

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 2016 alone, JLL Capital Markets completed $145 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.

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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 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.