JLL capitalizes Arapaho Village acquisition with joint-venture equity and senior financing

DALLAS, Oct. 16, 2024 –  JLL Capital Markets announced today that it has secured joint-venture equity and acquisition financing for Arapaho Village, a 101,507-square-foot grocery-anchored shopping center in Richardson, Texas.

JLL represented Weitzman and secured the equity commitment and separately arranged the six-year, fixed-rate acquisition loan with an insurance company.

Located at 801-819 W Arapaho Rd., Arapaho Village benefits from its strategic position at the signalized southwest corner of Arapaho Road and West Shore Drive. The property is situated in Richardson's thriving retail submarket, approximately one mile from SR-75 and three miles from I-635.

Built in 1990, Arapaho Village is 91.9% occupied. The center is anchored by Tom Thumb, which recently extended its lease through 2030 and invested significant capital in store improvements. Other notable tenants include WellMed Medical Management, Anytime Fitness, UPS, Painting with a Twist and H&R Block.

JLL Capital Market’s Advisory team was led by Managing Director Steve Heldenfels, Senior Managing Director Chris Gerard, Director Kristi Leonard, Associates Ryan Pollack and Keenan Ryan and Analyst Campbell Swango.

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.

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