$69.3M refinancing arranged for premier office building in Phoenix's Camelback Corridor
United States, Nov. 2 -- JLL Capital Markets announced that it has arranged $69.3 million in refinancing for The Offices at The Grove, a 185,536-square-foot Class AA office building in Phoenix, Arizona.JLL's Debt Advisory team represented the borrower, RED Development, in placing the five-year, fixed-rate loan with PGIM's real estate investment group.The Offices at The Grove is a four-story Class AA office building completed in Q4 2022, fully leased to a primarily investment-grade tenancy, including JPMorgan Chase, Clayco, First Solar, JLL, PwC, Caterpillar and Aon. The property features best-in-class amenities, including a rooftop pickleball court and pavilion, first-floor dining with Pyro (a Japanese izakaya bistro by Flagship Restaurant ...
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