Phase II of The Corbin District, a mixed-use development in downtown Darien, CT., has secured $165 million in construction financing. This includes a $102 million construction loan from Barings and $63 million in C-PACE financing from Counterpointe SRE, marking the largest C-PACE transaction in Connecticut, according to a release from JLL. 

The financing package was arranged by JLL’s Capital Markets team, led by Michael Gigliotti, Evan Pariser, and Robert Tonnessen, with office leasing handled by Ed Tonnessen and Betsy Buckley. Phase II will add 78,810 square feet of retail, 105,968 square feet of office space, and 112 apartments to the development. Completion is expected in summer 2026. 

“David and his partners had a great vision, spent years assembling the properties, and started construction during Covid, overcoming a challenging capital markets environment,” said Tonnessen. JLL previously arranged $35 million for Phase I, which achieved full occupancy before delivery.