Acquisition financing secured for The Bradley in Miami
JLL Capital Markets executed the financing of the Class A, Wynwood district apartments
MIAMI, Feb. 24, 2021 – JLL Capital Markets announced today it arranged acquisition financing for The Bradley, a newly developed, 175-unit luxury apartment community with 31,235-square-feet of ground-floor retail, located in the burgeoning Wynwood district of Miami, Florida.
JLL worked on behalf of the borrower to secure the loan from Blackstone Real Estate Debt Strategies.
The Bradley stands five stories tall and offers one- and two-bedroom floorplans that boast floor-to-ceiling windows and offer various community amenities including a resort-style pool and fitness center.
Located at 51 Northwest 26th St., the property has a Walk Score© of 94 and is positioned in Wynwood’s vibrant neighborhood known for its wall murals, street art and galleries, eclectic dining scene and its craft breweries converted from old warehouses. Wynwood is also just north of Downtown Miami and is proximate to I-95 and I-195, offering connectivity to Miami Beach.
The JLL Capital Markets team representing the seller was led by Senior Managing Director Bill Fishel and Director Jesse Wright.
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 investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.