Developer Lands $128M Loan For Dallas Office Tower
Law360 (August 19, 2019, 3:59 PM EDT) -- Commercial real estate developer Kaizen Development Partners secured $128.3 million in financing for an office tower in Uptown Dallas, steered by investment management firm Jones Lang LaSalle, JLL said Monday.
The financing for the tower comes from an investment fund managed by Goldman Sachs' Merchant Banking Division, the announcement said. The fund is financing a five-year, floating-rate construction loan for Kaizen, which specializes in office, mixed-use and health care developments, to develop the property, the statement said.
Known as The Link at Uptown, the property is located at 2601 Olive Street and is "one of the last high-quality development sites remaining in the...
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