Kane Realty Corporation has secured $33.6 million of joint venture equity and $51.4 million of construction financing for West End II, a multi-housing development located in the highly sought-after West End neighborhood in downtown Raleigh.
JLL worked on behalf of Kane Realty Corporation to secure a limited partner equity commitment from an institutional South American investment fund. West End II marks the investor’s entry into the rapidly growing Raleigh-Durham market. JLL additionally secured the project’s construction loan with a national life insurance company.
West End II is the second phase of Kane Realty Corporation’s redevelopment of the former Clancy & Theys headquarters, with the first phase of Platform Apartments currently in lease-up. The development will include 252 luxury apartment units, complemented by 4,000 square feet of flexible-use ground-floor retail space and designed by Dwell Design Studio. Residents of West End II will have the choice
