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News release

Denver, Co

JLL lines up $75.3M loan for J.P. Morgan’s acquisition of The Boulder Portfolio

DENVER, Nov. 30, 2017 – JLL's Capital Markets experts today announced the firm secured $75.3 million of financing for the acquisition of The Boulder Portfolio, a three-asset, Class A office portfolio in Boulder, Colorado by institutional investors advised by J.P. Morgan Asset Management. Deutsche Bank provided the five-year, floating rate loan.

Executive Managing Director Michael Melody, Managing Directors Maggie Coleman, Kellogg Gaines and Baxter Fain, and Senior Vice President John Ream led the JLL team on the financing.

"The combination of well-located assets in a highly desirable market and strong, institutional sponsorship made this an ideal lending opportunity and allowed us to secure the best terms possible for our client," said Gaines.

Located just a few blocks from Boulder's vibrant Pearl Street Mall, the three properties in the portfolio are 1050 Walnut Street, 1881 9th Street and 1900 15th Street. The area offers Boulder's top retail and dining options, and is close to the talent pool at University of Colorado Boulder.

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.

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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 $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of June 30, 2017, LaSalle Investment Management had $59.0 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


About J.P. Morgan Global Alternatives 

J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $120 billion in assets under management and over 800 professionals (as of June 30, 2017), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information: