The long-awaited South Pier at Tempe Town Lake project has received financing to fuel construction of the first phase of the $1.8 billion development.

JLL Capital Markets arranged $385 million in construction financing and equity on behalf of The McBride Cohen Co. The JLL Capital Markets advisory team representing the borrower was led by Tom Wilson, Brad Miner, Matt Benson, Brock Knapp and Elle Miraglia.

The 737,585-square-foot waterfront mixed-use project will include 724 residential units and 26,767 square feet of retail space, along with the Arizona Amazing Wheel, a pedestrian bridge, public dock and entertainment isle.

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By Staff - Phoenix Business Journal