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**JLL Secures $107M Acquisition Financing for 34-Acre Redevelopment Project in Brea**
JLL Capital Markets has arranged $107 million in acquisition financing, including a $5 million operating reserve, for a major redevelopment project in Brea, California. The financing was secured on behalf of prominent real estate investor Dwight Manley, with funds managed by affiliates of Fortress Investment Group.
The JLL team, led by Senior Managing Director Matt Stewart, alongside Directors Kellan Liem and Serge Sarkissian, and Associates John Rankin and Kyle White, facilitated the financial deal for one of Southern California’s rare large-scale urban infill opportunities.
“This transaction represented a rare opportunity to acquire one of the largest contiguous sites available in infill Southern California,” said Stewart. “Dwight Manley has executed a masterclass in thoughtful urban infill development that will be studied for years to come. By bringing the City of Brea together with best-in-class operators, Mr. Manley will transform a vacating commercial building into a dynamic mixed-use community that will benefit the City of Brea and its residents tremendously.”
The 33.94-acre redevelopment site is set to include a flagship retail store and residential units. Manley has played a central role in downtown Brea’s development for nearly 25 years, and this latest project underscores his long-standing commitment to the city’s revitalization.
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