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JLL Capital Markets announced today that it has arranged a $34.115-million construction-to-perm loan for SixSixty, a Class A medical building totaling 124,076 square feet in downtown Sacramento. Senior managing directors Jeff Sause and John Chun worked on behalf of the borrower, the joint venture of Revitate’s opportunity zone platform, RevOZ Capital and Argosy Real Estate Partners, to secure the seven-year loan through Siemens Financial Services.
SixSixty is located at 660 J St. in Sacramento’s Downtown Commons entertainment and lifestyle district. The area has benefitted from a substantial transformation over the past decade through the development of the award-winning Golden1 Center and Downtown Commons retail and entertainment district, among other attractions and luxury hospitality destinations.
Originally built in 1984, SixSixty was fully renovated following the borrower’s 2020 acquisition. 97% of the property’s rentable square footage was recently leased to one of the largest health systems in the nation.
