JLL arranges $230 million loan for Lionsgate Studios Yonkers refinancing
YONKERS, NY – JLL has closed a $230 million loan to refinance Lionsgate Studios Yonkers, a 500,000 square foot film production studio in New York’s northern outskirts. Proceeds will repay construction debt that funded Phase I of the studio’s development, which was completed in January. The borrower, a partnership between Connecticut-based National Resources and Great Point Capital Management, a UK-based media investment fund, is also planning a $500 million expansion. When complete, the studio will house 11 sound stages – eight 20,000 square foot stages, two 10,000 square foot stages and one 30,000 square foot stage – and will be the largest modernly constructed film and television production campus in the world. Northeast. The property will also include parking for over 750 cars and 100 trucks. JLL’s Michael Zaremski, Michael Shmuely, John Flynn and Jimmy Cochran arranged the five-year loan.