Edens Collection

JLL Capital Markets arranged a $40-million refinancing for Edens Collection, a 142,740-square-foot, Target-anchored retail center located in Chicago’s Jefferson Park neighborhood. JLL worked on behalf of the borrower, The Jaffe Companies, to secure the five-year, floating-rate loan through Pacific Life Insurance Company. 

“Despite a cautious capital markets environment, lenders recognized the value created by the development team at Edens Collection, which stands out as one of the essential, premier, urban infill, retail centers on the north side of Chicago,” said Largay.

Built in 2020, the 94% leased Edens Collection features a roster of credit tenants, including Target, Ross and Starbucks. Additional tenants at the property include LA Fitness, Five Below, Chipotle, Smashburger, May Nail Spa and Eyecare Services Partners. 

The Edens Collection was constructed by W.E. O'Neil Construction Company, designed by Camburas Theodore LTD, and erected by Waubonsee Development.