$69MM Construction Financing secured for 196-Unit Project in San Leandro

JLL, Centro Callan, The Martin Group, Sansome Pacific Properties, STARS REI, San Leandro, Sprouts Farmers Market

JLL Capital Markets arranged the construction financing for the 196-unit Centro Callan in San Leandro, California

SAN FRANCISCO, Oct. 20, 2022 – JLL Capital Markets announced today that it has arranged the $69 million construction financing for Centro Callan, a brand-new, luxury mixed-use apartment complex located in the heart of San Leandro. This new development will offer 196 multi-housing apartments in a five-story building that will also include 31,000 square feet of ground floor retail anchored by Sprouts Farmers Market.

JLL represented The Martin Group, Sansome Pacific Properties and STARS REI to secure the floating-rate construction loan through Principal Real Estate.

Centro Callan will consist of a mix of studio, one-, two- and three-bedroom units, all outfitted with quartz countertops, backsplash, stainless steel appliances, full-size washers and dryers, wide plank flooring, kitchen islands, smart access control and oversized patios and balconies in select units. The building amenities include 20,000 square feet of open space along with a dog park, dog wash station, chef’s entertaining kitchen, clubroom with televisions, indoor phone booths and conference rooms, outdoor work pods, outdoor barbeques and televisions, outdoor game area and a secret garden.

The JLL Capital Markets team was led by Brandon Roth, Spencer Bergthold and Elijah Lax.

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 and sales 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.

West Coast Commercial Real Estate News