Chris Peck, JLL's Miami office leader, has been instrumental in driving the city's development charge. He has led numerous projects in the area, including the Miami Worldcenter, a massive mixed-use development.
Chris Peck's expertise in the Miami market is unmatched. He has been working in the city for over a decade, gaining valuable insights into its unique development landscape.
Under Chris Peck's leadership, JLL's Miami office has experienced significant growth. He has expanded the team and established the office as a major player in the city's commercial real estate market.
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JLL News
In 2022, the New York capital markets team at JLL, led by Christopher Peck and Michael Gigliotti, had an impressive year with over $23 billion in debt, equity, and loan sales.
The team's loan portfolio included 313 deals, with a significant portion in the multifamily residential space, totaling $7.6 billion.
Christopher Peck, Michael Gigliotti, and Kevin Davis led the team, showcasing the firm's "One JLL" philosophy that promotes both specialization and collaboration across business lines.
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The team's dedication to specializing in multifamily has really paid off, with 135 multifamily deals, including the $295 million recapitalization of 420 Carroll Street, a 360-unit housing property in Gowanus, Brooklyn.
The JLL team secured a $176 million loan through Bank OZK for this deal, highlighting the firm's ability to originate large loans for complex projects.
The team's expertise in both office and multifamily sectors was also on display with the $540 million loan for 520 Fifth Avenue, a supertall mixed-use skyscraper in New York City.
This deal required the team to work together seamlessly, using their leasing network to fill the building and pitch to lenders on how it would get leased up.
Miami Development
Miami is a hub for luxury real estate, with the One Twenty Brickell Residences project being a prime example.
The project secured $413 million in construction financing, a significant milestone in the development's journey.
Located in the heart of the Brickell District, One Twenty Brickell Residences boasts two towers, one with 537 multifamily residential units and the other with 266 condominium units.
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The development's prime location offers residents unparalleled access to premier shopping, dining, and entertainment options, with Brickell City Centre and Mary Brickell Village just a block away.
The Sentral Management Platform will operate the multifamily tower, providing a sophisticated urban living experience.
Condominium units have seen exceptional presale velocity, with over 91 percent sold since launching sales approximately 12 months ago.
Each condominium comes with a deeded private office suite, a unique offering in the market.
The development's prime location and unique features make it an attractive financing opportunity, according to JLL Capital Markets' Senior Managing Director Christopher Peck.
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