JLL Capital Markets arranges loan for premier multifamily and office development in Alamo Heights
News release
03 April 2025
7600 Broadway refinancing secured for luxury mixed-use property in San Antonio
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SAN ANTONIO, Apr. 3, 2025 – JLL Capital Markets announced today that it has secured a refinancing for 7600 Broadway, a luxury mixed-use property in San Antonio, Texas.
JLL represented the borrower, EMBREY. Blackstone Mortgage Trust (NYSE: BXMT) provided the loan.
7600 Broadway, located in San Antonio's affluent Alamo Heights neighborhood, offers a mix of luxury multifamily units and modern office space. The property is directly across from The Shops at Lincoln Heights, a retail center anchored by an HEB grocery store, and is within walking distance to numerous restaurants and amenities, creating a highly desirable living environment that is rare for San Antonio.
San Antonio continues to be a thriving metro area with a strong economy, rapidly growing cybersecurity industry and exceptional quality of life. The Alamo Heights neighborhood, in particular, is known for its walkability and proximity to high-end retail and dining options.
7600 Broadway features 287,605 square feet of multifamily space across 216 units that are currently 96% leased, as well as 53,209 square feet of office space that is 100% leased to EMBREY and Morgan Stanley. The property offers a mix of one-, two- and three-bedroom units, all designed with premium finishes and features. Completed in 2023, the property boasts one of the best amenity packages in the city, including a designer lap pool, fitness center, chef-inspired demonstration kitchen and 24/7 concierge service.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Robert Wooten, Director Jackson Finch and Associate Meredith Sheeder.
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 sales and 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.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About EMBREY
San Antonio-based EMBREY is a vertically integrated real estate investment company that develops, builds, acquires, owns and manages multifamily communities and commercial assets in select markets throughout the United States. Celebrating its 50th year in business in 2024, EMBREY has completed 50,000 multifamily units and more than six million square feet of commercial property. As a leading developer in the multifamily sector, the company currently has over 6,000 units under construction or in development.