JLL Capital Markets has arranged $29.9 million in acquisition financing for the purchase of a Madison office building, it announced Thursday.
The sale of 7 Giralda Farms, a 236,809-square-foot property, was first announced in August.
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The JLL Capital Markets debt placement team was led by Michael Klein and Greg Nalbandian, senior managing directors, and Gerard Quinn, analyst.
“Our client acquired this off-market transaction at a very attractive basis in the highly desirable Giralda Farms Office Park,” Nalbandian said in a prepared statement. “There was considerable lender interest for this value-add financing, which demonstrated there is strong liquidity for well-capitalized sponsors with sound business plans.”