March 26, 2020
JLL Capital Markets has closed the sale and financing of One Glen Lakes, a 168,953-square-foot, multi-tenant, Class A office building in Dallas. Terms weren’t disclosed.
JLL represented the seller, a joint venture between Stockbridge and Cawley Partners. The brokerage also procured the five-year, floating-rate structured loan with future funding for Capex and TI/LC on behalf of the buyer, ICM Asset Management.
The JLL Capital Markets investment advisory team representing the seller was led by Senior Managing Director Jack Crews. The debt placement team representing the borrower was led by Managing Director Jason Piering.
One Glen Lakes is located at 8140 Walnut Hill Ln., just west of the Texas Health Presbyterian Hospital campus in North Dallas. The 10-story building offers tenants an onsite deli, a convenience store, on-site banking and covered parking.
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