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JLL Arranges $330M Financing for San Jose Condo Development
JLL arranged $330 million in financing for the development of 188 West St. James, a two-tower, 640-unit luxury condominium project located in downtown San Jose. JLL worked on behalf of the borrower, Z&L Properties, Inc., to place the five-year, floating-rate construction loan with Mack Real Estate Credit Strategies.
188 West St. James is currently under construction on a 1.94-acre site which is due for completion in 2020. The project consists of 20-and 22-story towers encompassing nearly 629,000 square feet of residential space, roughly 30,000 square feet of ground-floor retail and more than 650 parking stalls.
JLL’s Brandon Roth, Charles Halladay and Taylor Gimian represented the borrower.
Roth says, “188 West St. James benefits from one of the best locations in downtown San Jose. The property is adjacent to San Pedro Square, as well as countless restaurants, coffee shops and bars. Residents will also enjoy being a quick 10-minute walk from SAP Center, which hosts 150 events every year.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


