$58.2 Million financing secured for trophy office tower in Downtown Durham
United States, Oct. 28 -- JLL Capital Markets announced that it has arranged $58.2 million in financing for 555 Mangum, a trophy office tower totaling 251,464 square feet in the heart of Downtown Durham, North Carolina.JLL worked on behalf of the borrower, Accesso, to secure a three-year acquisition loan with two one-year extension options through Rialto Capital.Completed in 2020, 555 Mangum offers modern office space alongside the top amenity package in Durham, which includes a fitness center, tenant conference center, rooftop amenity lounge, outdoor courtyard and a rooftop sky deck with The Lenny, a Latin American restaurant offering sweeping views of Downtown Durham and the ballpark. The 11-story property also features 18,000 square feet...
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