REAL ESTATE

JLL strengthens its capital markets talent pool

BY Michael Fickes

New York — Jones Lang LaSalle has added another financing expert to its growing Capital Markets team in Dallas. Industry veteran Jeff Zickefoose joins has joined the firm as senior VP. He will work with Managing Director Randy Fleisher and the rest of the team to provide strategic services to clients throughout the region.

“Jeff brings nearly 20 years of financial experience and a long track record of originating debt on behalf of leading commercial mortgage debt providers,” said Fleisher.

Prior to joining JLL, Zickefoose served as executive director of Ladder Capital. His career includes leadership positions with Prudential Mortgage Capital Corp., CW Capital and GE Commercial Finance Real Estate.

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REAL ESTATE

JLL closes sale and financing at Bella Terra

BY Michael Fickes

Houston — Jones Lang LaSalle has announced the closing of the sale of The Shops at Bella Terra, a 308,828-sq.-ft. power center in Houston’s Grand Parkway corridor. The JLL Capital Markets Group also secured acquisition financing with Wells Fargo and additional equity from Heitman on behalf of the buyer, Dunhill Partners

Currently 95% leased, tenants include Ross Dress for Less, Best Buy, PetSmart, 24-Hour Fitness, Sports Authority, Party City and Pier I. The center is shadow anchored by a Wal-Mart Supercenter and Kohl’s.

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REAL ESTATE

JLL closes on four multifamily properties for $120 million

BY Michael Fickes

New York Jones Lang LaSalle’s Capital Markets group has closed the sale of four prime multifamily properties in the Dallas area on behalf of four separate sellers. The combined sale price exceeded $120 million.

  • Silverado Apartments, a 332-unit, garden style community in Frisco was purchased by Adams LaSalle from Sherman Residential.
  • Park Gates at City Place, a 228-unit residential community in Dallas was purchased by BK Funds from The Connor Group.
  • Republic Park Vista, a 308-unit, Class A+ community in Ft. Worth was purchased by Momentum Real Estate Partners from Beucler Properties/Prudential Real Estate Investors and an investment fund advised by Prudential Real Estate Investors.
  • The Ablon at Frisco Bridges, a 252-unit Class A property was purchased by Colonial Property Trust from Pegasus Ablon.

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