August 19, 2019 – JLL announces that it has arranged a $128.3 million construction loan for the development The Link at Uptown, a Class AA office tower totaling 300,000 square feet in Uptown Dallas, Texas.
JLL worked on behalf of the developer, Kaizen Development Partners, to secure the five-year, floating-rate construction loan through Broad Street Real Estate Credit Partners III, an investment fund managed by the Merchant Banking Division of Goldman Sachs.
Located at 2601 Olive Street, The Link at Uptown is positioned on one of the last high-quality development sites remaining in the Uptown Dallas submarket. The site provides extraordinary visibility and convenient access to the Woodall Rogers Freeway, Dallas North Toll Road, Interstates 35 and 75, and the entire Uptown area. Additionally, the 25-story property will offer superior walkability to a variety of housing options, retail amenities, restaurants, and entertainment venues. The development’s location in the dynamic Uptown office submarket coupled with its unique core design and open floor plates will provide a deep pool of potential tenants to occupy the speculative office tower.
The JLL Capital Markets team representing the borrower was led by Senior Director De’On T. Collins.