Zale Properties Secures $49.9M Construction Loan For Luxury Development In Arlington, Texas

A $49.9 million construction loan has been secured by Zale Properties for The Grove at La Frontera, a 396-unit luxury development located at 8100 South Collins Street in Arlington, Texas. The development is expected to be completed in spring 2025 and offers upscale amenities and convenient access to major highways.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $49,900,000
• Address: 8100 South Collins Street, Arlington
• Market: Arlington
• Asset Type: Development Site
• Size: 25.3 acres

JLL, represented by brokers Bo Beidleman and Chad Lisbeth, arranged the fixed-rate loan through Principal Asset Management for this multifamily project. The lenders provided a four-year construction loan for the luxury development, which will feature 396 units and offer a range of upscale amenities. The property is strategically located with easy access to major highways.