The McBride Cohen Co. has received $385 million in debt and equity for the construction of South Pier at Tempe Town Lake Phase I, a 737,585-square-foot waterfront, trophy mixed-use project that will include 724 multi-housing units and 26,767 square feet of retail space in Tempe, Ariz.
Upon completion, Phase I of the McBride Cohen Co.-led project will be the largest apartment development in Arizona and will feature the towering Arizona Amazing Wheel, a pedestrian bridge, public dock, and world class entertainment isle.
JLL worked on behalf of borrower, The McBride Cohen Company, to raise $162 million in equity from Cantor Fitzgerald and Silverstein’s Opportunity Zone Fund, as well as secure $223 million in financing through both senior and mezzanine loans.
With an anticipated completion during the
