Kaizen Development Partners is beginning demolition for the new office tower in Uptown, The Link.
The project secured financing, courtesy of HFF’s (JLL’s new capital markets arm) De’on Collins. Broad Street Real Estate Credit Partners III, an investment fund managed by Goldman Sachs Merchant Banking Division will be coming in with debt financing for the 300,000-square-foot Class-AA building.
Kaizen purchased the property back in November from restaurateur Mike Karns.
Thirty-Four Commercial founder and partner Sarah Hinkley, who is co-leading the marketing and leasing efforts for The Link with JLL’s Blake Shipley, brokered the sale between Kaizen and Karns.
The building is expected to deliver in the Fall of 2021 and will feature 3-per-1,000 parking, two restaurant concepts, a pop-up lunch concept, outdoor terraces, a fitness center, a conference center, and golf simulators.
Evers and Kaizen have high hopes for their Uptown gem, and believe it will fare well in the tenant-wooing game.
“Uptown is not only one of the most vibrant submarkets in the region, but one of the most vibrant in the US,” said Derrick Evers, Managing Partner/ Chief Executive Officer, Kaizen Development Partners. “Its authentic blend of premier location, amenities, and distinctive presence makes it extremely attractive for perspective office tenants.”
Read D CEO‘s cover story from March on Kaizen Development Partners here.