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JLL Orchestrates Sale, Financing of Portland MF
JLL has secured the sale and financing for The Louisa, a 242-unit multifamily high-rise in Portland, Oregon.
JLL worked on behalf of the seller in procuring the buyer, Guardian Real Estate Services and their capital partner. Additionally, JLL arranged a five-year, fixed-rate loan for the buyer. Located at 123 NW 12th Avenue in Portland’s Pearl District, The Louisa is situated just blocks from the Central Business District, Slabtown and the Northwest District.
JLL Capital Market’s Investment and Sales Advisory team was led by Senior Managing Director Ira Virden, Managing Director Carrie Kahn and Director Frank Solorzano. The Debt Advisory team was spearheaded by Senior Managing Director Casey Davidson and Director Charlie Watson.
Built in 2005, The Louisa offers 29,295 square feet of ground-floor retail space with notable tenants like West Elm, Lululemon and Williams-Sonoma, in addition to the 16-story luxury high-rise. The townhome, studio, one- and two-bed apartments feature spacious floor plans with 10-foot ceilings.
