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Naperville, Ill. — JLL Capital Markets has arranged $27.3 million in financing for the acquisition of Market Meadows, a 149,185-square-foot shopping center located in Naperville, approximately 28 miles west of Chicago. Jewel-Osco anchors the property, which was 98.3 percent leased at the time of sale. Additional tenants include U.S. Bank, BMO Bank, T-Mobile, Chipotle Mexican Grill, Jersey Mike’s and McDonald’s.
Chris Drew, Travis Anderson, Chris Knight, Wells Waller and Merrick Evans arranged the seven-year, fixed-rate loan through Principal Asset Management on behalf of the borrower, Barings.