JLL inks $22m deal for Rockrose.Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. has arranged $22 million in senior debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay on behalf of Rockrose Development Corp. for the financing of the commercial condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. portion of its property at 252 Seventh Avenue in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York. 252 Seventh Avenue spans an entire city block with its five commercial units currently 100 percent leased to Whole Foods Market and Imperial Parking. Wes Boatwright, Lisa Bozzelli and Brandon Flickinger of Jones Lang LaSalle's Real Estate Investment Banking group organized the effort. The property, also known as the Chelsea Mercantile Relating to trade or commerce; commercial; having to do with the business of buying and selling; relating to merchants. A mercantile agency is an individual or company in the business of collecting data about the financial status, ability, and credit of individuals , is located in Manhattan's trendy Chelsea neighborhood and offers 80,967 square feet of net rentable retail and parking space. The entire development consists of four buildings that were renovated as part of a condominium conversion in 1998. The conversion created 351 luxury residential units and five retail units, including a two-level underground garage. Whole Foods, the development's anchor tenant, was the first Whole Foods Market to open in Manhattan. Whole Foods has since taken advantage of its prime location and opened a Whole Body store. |
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