JLL Capital Markets arranged refinancing for a portion of the Old Parkland west campus. The collateral consisted of six of the campus’ generational office buildings totaling 288,217 square feet in the heart of Dallas, Texas.
The six buildings included in the refinancing are: Old Main, Woodlawn Hall, Reagan Place, Oak Lawn Hall, Parkland Hall and Commonwealth Hall.
Working on behalf of the borrower, JLL placed the five-year, fixed-rate loan with funds affiliated with Blackstone Real Estate Debt Strategies.
Originally built in 1894 as a teaching hospital, the campus has been redeveloped since 2008 into a visionary office asset featuring original and historic landmark structures alongside first-class modern buildings, iconic for their signature Jeffersonian architecture. Old Parkland west campus is situated in the block enclosed by Oak Lawn Avenue, Maple Avenue and Dallas North Tollway in Uptown Dallas.
JLL’s Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director John Rose, Vice President Ryan Pollack, and Associate Jordan Buck.
