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JLL arranges $350M capitalization for the construction of trophy residential tower in Long Island City

PR Newswire - Thu May 4, 2023

JLL Capital Markets arranged the debt and equity capitalization for The Italic, a to-be-built, 363-unit property in Long Island City, Queens, New York

NEW YORK, May 4, 2023 /PRNewswire/ -- JLL's 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 of 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.

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Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.