JLL Capital Markets Group Arranges $350 Million Debt and Equity Capitalization for Construction of Trophy Residential Tower

NEW YORK, NY - JLL Capital Markets group announced today that it has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, luxury mixed-use community located at 26-32 Jackson Ave. in Long Island City. The property will include 283,000 square feet of residential space and 10,000 square feet of commercial retail space.
JLL exclusively represented the borrower, American Lions, a joint venture between Fetner Properties and the Lions...

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