{"id":1004179238,"date":"2017-06-06T07:22:45","date_gmt":"2017-06-06T15:22:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004179238"},"modified":"2022-12-05T16:23:51","modified_gmt":"2022-12-06T00:23:51","slug":"jll-arranges-financing-for-retail-centers-in-austin-suburbs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-arranges-financing-for-retail-centers-in-austin-suburbs\/","title":{"rendered":"JLL Arranges Financing For Retail Centers in Austin Suburbs"},"content":{"rendered":"

By Anca Gagiuc<\/em><\/p>\n

\"Elgin<\/a>

Elgin Village<\/p><\/div>\n

JLL\u2019s Capital Markets team<\/a> secured $4.6 million in refinancing for two fully-occupied boutique neighborhood retail centers in suburban Austin.\u00a0Managing Director Jimmy Board and Associate Jarrod McCabe led JLL\u2019s financing team on behalf of Durhman & Bassett, the owner. Bank of America provided the 10-year, fixed-rate loan at an interest rate of 4.35 percent.<\/p>\n

Elgin Village is a 19,628-square-foot center located 25 miles northeast of Austin, at the intersection of U.S. Highway 290 and W 11th Street in Elgin. It is positioned across from a HEB grocery store. Its tenant roster includes Anytime Fitness, Family Total Dental and Domino\u2019s.<\/p>\n

\"Cedar<\/a>

Cedar Breaks Center<\/p><\/div>\n

Cedar Breaks Centre encompasses 9,240 square feet and is situated at 4506 Williams Drive in Georgetown, adjacent to a newly constructed HEB grocery, 30 miles north of downtown Austin. Major tenants include Castle Dental, Great Clips, Centennial Wealth Advisory and Texan Urgent Care.<\/p>\n

“These assets are well positioned within rapidly growing suburban submarkets<\/em>,” Board said in a prepared statement. “With strong surrounding demographics and multiple subdivisions planned near each retail center, this made for an attractive lending opportunity.”<\/em><\/p>\n

Images courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The retail assets are 19,628-square-foot Elgin Village and 9,240-square-foot Cedar Breaks Center, fully occupied at the time of the deal.<\/p>\n","protected":false},"author":237,"featured_media":1004179241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21825,21742,21749],"tags":[33250,35966,32796],"class_list":["post-1004179238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-finance","category-latest","category-retail","tag-bank-of-america","tag-durhman-and-bassett","tag-jll"],"acf":[],"yoast_head":"\nJLL Arranges Financing For Retail Centers in Austin Suburbs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-financing-for-retail-centers-in-austin-suburbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Arranges Financing For Retail Centers in Austin Suburbs\" \/>\n<meta property=\"og:description\" content=\"The retail assets are 19,628-square-foot Elgin Village and 9,240-square-foot Cedar Breaks Center, fully occupied at the time of the deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-financing-for-retail-centers-in-austin-suburbs\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-06T15:22:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T00:23:51+00:00\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Elgin.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-financing-for-retail-centers-in-austin-suburbs\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-financing-for-retail-centers-in-austin-suburbs\/\",\"name\":\"JLL Arranges Financing For Retail Centers in Austin Suburbs - 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