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Florida & Gulf Coast  + Finance  |  September 18, 2020
David Cohen
By: David Cohen

JLL Secures $63M Recapitalization for Tampa High-Rise Apartments

JLL Capital Markets has arranged a $63 million recapitalization of the Channel Club, a recently completed 324-unit, high-rise apartment community in Tampa’s Channel district.

Located at 1115 E. Twiggs St., the property consists of one- and two-bedroom apartments, with units averaging 911 square feet. Units feature stainless-steel appliances, granite countertops, 42-inch upper cabinets and private balconies with skyline views. Amenities include a resort-style pool, views of downtown Tampa, a modern fitness center, covered parking garage and a business center.

Chip Sykes of JLL represented the borrower, a partnership between ECI Group and Mercury Advisors, to secure the financing with BBVA USA and BlackRock.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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