DALLAS, March xx, 2020 – JLL Capital Markets announced that it has arranged construction financing
for District 114, a four-story, mixed-use office building with ground floor retail totaling 94,990 square feet
in Southlake, Texas.

Working on behalf of the borrower, Medici Development Partners, LLC, JLL placed the five-year,
floating-rate construction loan with Happy State Bank & Trust.

Due for completion in the second quarter of 2021, District 114 will offer 69,878 square feet of office
space and 25,112 square feet of retail space. The property will have average floor plates of 24,000 –
29,000 square feet and offer tenants a fourth-floor outdoor patio, a 322-space parking facility and direct
access to Texas Independence Park featuring outdoor work and patio space. The 3.3-acre site is
positioned within Kimball Park, a 17.58-acre, walkable mixed-use development that also includes a
Cambria Hotel, The Office at Kimball Park and restaurant/retail space. Tenants at District 114 have
access to the amenities at the adjacent Cambria Hotel and Conference Center, which include a fitness
center, pool, restaurant, meeting facilities and executive boardrooms. The project is located in
Southlake, an affluent suburb of Dallas and a corporate headquarters hub for many Fortune 1000
companies. District 114 has exceptional regional access to the entire Dallas Fort Worth Metroplex via
State Highways 114 and 121 and is close to the Dallas Fort Worth International Airport, Southlake Town
Square, Park Village and The Shoppes at Southlake.

The JLL Capital Markets team representing the borrower was led by Senior Director De’On Collins and
Managing Director Steve Heldenfels.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and
occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class
solutions for clients — whether investment advisory, debt placement, equity placement or a
recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.

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