$58.2M financing secured for trophy office tower in Downtown Durham

CAROLINAS, Oct. 24, 2025 – JLL Capital Markets announced today that it has arranged $58.2 million in financing for 555 Mangum, a trophy office tower totaling 251,464 square feet in the heart of Downtown Durham, North Carolina.

JLL worked on behalf of the borrower, Accesso, to secure a three-year acquisition loan with two one-year extension options through Rialto Capital.

Completed in 2020, 555 Mangum offers modern office space alongside the top amenity package in Durham, which includes a fitness center, tenant conference center, rooftop amenity lounge, outdoor courtyard and a rooftop sky deck with The Lenny, a Latin American restaurant offering sweeping views of Downtown Durham and the ballpark. The 11-story property also features 18,000 square feet of street retail and an 812-space parking garage, allowing for robust long-term supplemental income. 555 Mangum is currently leased to a diverse rent roll with 7.4 years of weighted average lease term.

The asset is positioned at the intersection of S. Mangum St. and the Durham Freeway, directly adjacent to the Durham Bulls Athletic Park. The immediate area around 555 Mangum offers a variety of restaurants, lively nightlife options and a large concentration of residential uses. The property is also close to the RDU International Airport and the world-renowned Research Triangle Park.

JLL’s Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Susan Hill, Managing Director C.J. Kelly and Director Ward Smith.

“Best-in-market assets with top-tier sponsors are benefiting from highly increased competition in our current office lending environment,” said Kelly. “The result has been exceptional outcomes for deals, such as 555 Mangum, which check lender boxes.”

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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Accesso is a full-service, vertically integrated commercial real estate investment manager, owner and operator that aims to provide superior returns to its U.S. and international individual and institutional investors. Accesso’s focus is on acquiring mixed-use office, multifamily and retail properties in non-gateway metropolitan statistical areas. Accesso’s portfolio includes 25 properties, with 12 million square feet under management, including 1.2 million square feet of multifamily space. Its affiliate, Accesso Services LLC, provides proactive, cost-efficient property management services with an owner’s mindset. Accesso Partners LLC is headquartered in Hallandale Beach, Florida, and has offices in Atlanta, Charlotte, Chicago, Dallas, Houston and Minneapolis.