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California  + Bay Area  + Apartments  |  October 25, 2022
New East Bay Mixed-Use Development Secures $69M Loan, JLL Arranges
Mark Nieto
By: Mark Nieto

New East Bay Mixed-Use Development Secures $69M Loan

JLL Capital Markets has arranged the $69 million construction financing for Centro Callan, a new luxury mixed-use apartment complex located in San Leandro, CA. The new development will offer 196 apartments in a five-story building, that will also include 31,000 square feet of ground floor retail, anchored by Sprouts Farmers Market.

The JLL Capital Markets team of Brandon Roth, Spencer Bergthold and Elijah Lax represented The Martin Group, Sansome Pacific Properties and STARS REI to secure the floating-rate construction loan through Principal Real Estate.

Centro Callan will be comprised of studio, one-, two- and three-bedroom residences featuring quartz countertops, stainless steel appliances, plank flooring, kitchen islands and patios/balconies in select units. Community amenities will include 20,000 square feet of open space, clubroom with TV, conference rooms, outdoor work pods, BBQ’s, outdoor game area and a secret garden.

Read More News Stories About: JLL
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Inside The Story

JLL Bay AreaThe Martin GroupSansome Pacific PropertiesSTARS REICentro Callan

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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