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JLL Lines Up Refi on Warehouses Turned Trampoline Park
JLL arranged a $9.4-million refinancing for The Armoury, a 46,040-square-foot infill industrial facility repurposed as an entertainment trampoline park and athletic training facility in River West. A capital markets team of Christopher Carroll, Jason Bond and Lucas Boregs worked on behalf of the borrower, a partnership between Clear Height Properties and Diamond Realty Holdings, to place the 9.4-year, fixed-rate loan with a financial holding company.
The Armoury comprises three adjacent industrial warehouses that recently underwent a multi-million-dollar renovation. It’s fully leased to Altitude Trampoline Park, the second largest trampoline park brand in the world, and Performance Training Systems, a private athletic training facility.
Located at 404 N. Armour St. and 1515 W. Hubbard St., The Armoury is near The Loop, Fulton Market and Chicago’s Expressway system. It’s said to be the only trampoline park within an eight-mile radius of the city of Chicago.
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