WOODINVILLE, WASH. — JLL Capital Markets has arranged a $77 million refinancing for The Schoolhouse District, a 264-unit mixed-use complex in downtown Woodinville, a northern suburb of Seattle. JLL represented the borrowers, MainStreet Property Group and HAL Real Estate, in securing the fixed-rate loan through AXA IM Alts.
Seth Heikkila and Steve Petrie led the JLL Capital Market Debt Advisory team.
The Schoolhouse District was built in 2021 on a 3.1-acre site. The community offers units in studio, one-, two- and three-bedroom floor plans. Amenities include a fitness center, work-from-home spaces, grocery delivery room, game room, cafeteria lounge, controlled-access garage, EV charging stations and access to sporting events.
The property also includes 44,800 square feet of retail space, including a YMCA, beauty spa, dining options and Wine Walk Row tasting rooms.