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Milwaukie, Ore. — JLL Capital Markets has arranged $32.4 million in financing for Milwaukie Marketplace, a 185,760-square-foot retail center located in the Portland suburb of Milwaukie. The borrower is a joint venture between Lincoln Property Company and PCCP LLC. Zach Kersten, Casey Davidson and David Williams of JLL’s Debt Advisory team represented the borrower in arranging the three-year, floating-rate loan through an entity managed by Argentic Investment Management LLC. The loan features full-term interest-only payments and will support the borrower’s business plan to reposition the property into a premier grocery-anchored center.