JLL secures $11.5 million permanent financing <br>for Elm & Main

Westport, CT JLL Capital Markets has arranged $11.5 million in permanent financing for Elm & Main, a mixed-use retail and office center located in the downtown area.

JLL represented the borrower, Aubuchon Realty Company, Inc., in securing the fixed-rate loan through a correspondent life company relationship.

in securing the fixed-rate loan through a correspondent life company relationship. along a desirable retail corridor. The 23,954 s/f mixed-use center is 95% leased and includes 12,010 s/f of ground floor retail and 11,944 s/f of second floor office space along with 28 surface parking spaces.

The property will welcome Sephora as a new anchor tenant in late 2027 and currently features a tenant mix including Beyond Yoga, Lux Bond & Green and Everything But Water. Built in 1963, the property is the only center on Main St. that features private parking.

JLL Capital Market’s Debt Advisory team representing the borrower was led by managing director Henry Schaffer and associate Hunter Cuthbertson, with Chris Angelone and Zach Nitsche from JLL also advising on the transaction.

“Main street retail environments like Westport continue to demonstrate remarkable resilience and performance,” said Schaffer. “Elm & Main represents the best of what main street retail has to offer – a walkable, community-oriented shopping destination that appeals to name-brand tenants and local shoppers who value a more authentic and local retail experience.”