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The $146 million loan will help pay for construction of a nine-story building, the first of three planned condo towers backing up to the Boca Raton Golf Club.
The industrial market has been in a tightening mode with space options dwindling even with construction in the pipeline, but buyer Scannell has experience with properties needing capital infusion.
In looking at opportunities to grow capital markets, JLL was clear that any target would need to closely align with its culture and strategic vision, and it is confident the acquisition of HFF meets these criteria.
With healthcare demand creating added opportunities, investors are clamoring to get in on the action and late last month, HR Acquisition of San Antonio Ltd. did just that with a purchase of Magnolia Medical Tower.