JLL Capital Markets Group Arranges $29.15 Million Sale of 19.2-Acre Beach Front Access Land Parcel in Cape Cod Market of Dennisport
BOSTON, MA – JLL Capital Markets announced today that it has closed the $29.15 million sale of and arranged the $18.288 million in first mortgage acquisition financing for Chases Ocean Grove, a 19.2-acre piece of land that is encumbered by 277 individual ground leases improved with seasonal cottages located within Cape Cod in Dennisport, Massachusetts. JLL represented the seller, Chases Ocean Grove, and procured the buyer, Old Wharf Dennis LLC. Additionally, JLL and Faros Properties...
Source: multifamilybiz.com