JLL Capital Markets secured a refinancing for 7600 Broadway, a luxury mixed-use property in San Antonio, Texas.
JLL represented the borrower, EMBREY. Blackstone Mortgage Trust (NYSE: BXMT) provided the loan.
7600 Broadway, located in San Antonio’s affluent Alamo Heights neighborhood, offers a mix of luxury multi-housing units and modern office space. The property is directly across from The Shops at Lincoln Heights, a retail center anchored by an HEB grocery store, and is within walking distance to numerous restaurants and amenities, creating a highly desirable, unique living environment in San Antonio.
San Antonio continues to be a thriving metro area with a strong economy, rapidly growing cybersecurity industry and exceptional quality of life. The Alamo Heights neighborhood, in particular, is known for its walkability and proximity to high-end retail and dining options.
7600 Broadway features 287,605 square feet of multi-housing space across 216 units that are currently 96% leased, as well as 53,209 square feet of office space that is 100% leased to EMBREY and Morgan Stanley. The property offers a mix of one-, two- and three-bedroom units, all designed with premium finishes and features. Completed in 2023, the property boasts one of the best amenity packages in the city, including a designer lap pool, fitness center, chef-inspired demonstration kitchen and 24/7 concierge service.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Robert Wooten, Director Jackson Finch and Associate Meredith Sheeder.
