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JLL Arranges Acquisition Debt on Twin Cities Office Park
A JLL Capital Markets team has arranged a $52.5-million loan to finance the acquisition of Grand Oak Business Park, a 10-building, Class A business park in the Twin Cities suburb of Eagan, MN. The group worked on behalf of Group RMC to place the loan with Morgan Stanley.
JLL’s Adam Schwartz, Aaron Appel, Keith Kurland, Jonathan Schwartz, Matt Collins and Patrick Heitmann led the team handling the debt assignment.
“Grand Oak Business Park is the premier office park in the Southeast submarket,” said Adam Schwartz. “The park provides a highly desirable location for businesses looking to access the nearby metro area, and offers employees convenient access to highly sought-after amenities.”
The 10-building Grand Oak Business Park is located on 83.5 acres of land, and comprises eight office buildings and two retail properties totaling 550,224 square feet. The buildings were constructed between 1999 and 2007, and are approximately 92% occupied.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition

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