PORTLAND, ORE. — JLL Capital Markets has arranged the sale and financing of The Louisa, a 242-unit community located at 123 NW 12th Ave. in Portland’s Pearl District. JLL worked on behalf of the undisclosed seller and procured the buyer, Guardian Real Estate Services and their capital partner. Additionally, JLL arranged the five-year, fixed-rate loan for the buyer.
Ira Virden, Carrie Kahn and Frank Solorzano led the JLL Capital Markets investment and sales advisory team. Casey Davidson and Charlie Watson spearheaded the Debt Advisory team.
The Louisa was constructed in 2005. The community offers studio, one- and two-bedroom units. Amenities include a resident lounge, package lockers and a garden terrace with a fire pit and barbeque grills. The property also includes 29,295 square feet of ground-floor retail space with tenants such as West Elm, Lululemon and Williams-Sonoma.