CHARLOTTE – JLL Capital Markets announced today that it has arranged $22.36 million in construction financing for the development of Hartwell Village Apartments, a 185-unit, 433-bed, Class A student housing project that is part of the Hartwell Village mixed-use development near Clemson University in Clemson, South Carolina.

JLL worked on behalf of the developer, The Priess Company, to place the non-recourse construction loan.  

Hartwell Village Apartments will be situated between Tiger Blvd. (US 76) and Pendleton Rd. (SR 93) just 0.75 miles across Lake Hartwell from Clemson University, which has a current enrollment of nearly 25,000 students. The property will be part of the 45-acre mixed-use Hartwell Village development, which opened in 2018 and currently contains two hotels, a Tru by Hilton and an Aloft, along with retail space occupied by Ulta Beauty, Marshalls, Five Below, PetCo, Michaels, Aldi, Rack Room Shoes and more. Hartwell Village Apartments will feature a resort-style pool, state-of-the-art fitness center, resident clubhouse, ample parking and high-end unit finishes.

The JLL Capital Markets team representing the developer was led by Managing Director Roger Edwards. 

“JLL was very excited to be able to work with The Priess Company, who is a leader in the student housing industry, on securing attractive non-recourse financing for the Hartwell Village project,” Edwards said. “The Priess Company has a long and active history at Clemson, and we look forward to seeing the Hartwell Village project commence and its future success.”