JONES LANG LASALLE INCORPORATED

(JLL)
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Jones Lang LaSalle Incorporated : Celebration Business Center lands $13.2M financing

01/12/2022 | 02:56pm EDT

ORLANDO, Jan. 12, 2022 -JLL Capital Markets announced today that it has arranged $13.2 million in financing for Celebration Business Center, a two-building office property totaling 106,068 square feet in Celebration, Florida.

Working on behalf of Denholtz Properties, JLL placed the seven-year, fixed-rate acquisition loan through National Life Group. JLL was also involved of the sale of the property to Denholtz Properties.

Celebration Business Center comprises two single-story buildings that offer unique, flexible floorplates for office, medical office and creative office tenants. Completed in 1997, Celebration Business Center is 82% leased to a mix of local and national tenants and is anchored by Walt Disney World.

The properties are positioned on 9.12 acres at 1120 and 1130 Celebration Blvd. in the Tourist Corridor submarket of Orlando. The master-planned community of Celebration was developed in the 1990's and is one of the most successful in the state, boasting a live-work-play community with top-rated schools, golf courses, walking trails, community centers and numerous retail shops, cafes and restaurants. In addition, the property is close to two heavily trafficked interstates, The Greenway and Interstate 4, providing regional access throughout the Orlando MSA and beyond.

The JLL Capital Markets team representing the borrower consisted of Director Maxx Carney and Senior Managing Directors Michael Klein and Jon Mikula.

"We're pleased to have advised Denholtz Properties on the acquisition financing for Celebration Business Center as the firm continues to expand its' already substantial presence within the state of Florida," Carney said. "The firms' acumen in acquiring strategically located office assets such as Celebration Business Center is reflected in the significant interest we were able to generate in debt capital markets on their behalf."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

Disclaimer

Jones Lang LaSalle Inc. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 19:55:00 UTC.


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Financials (USD)
Sales 2022 10 269 M - -
Net income 2022 942 M - -
Net cash 2022 262 M - -
P/E ratio 2022 10,2x
Yield 2022 -
Capitalization 9 356 M 9 356 M -
EV / Sales 2022 0,89x
EV / Sales 2023 0,75x
Nbr of Employees 98 200
Free-Float 94,4%
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 188,59 $
Average target price 274,57 $
Spread / Average Target 45,6%
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Managers and Directors
Christian Ulbrich President, Chief Executive Officer & Director
Karen Brennan Chief Financial & Investment Officer
Siddharth N. Mehta Chairman
Allan Frazier Global Chief Information Officer
Benjamin Breslau Chief Research Officer
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