JLL Capital Markets led the financing efforts for 3100 Monticello, a recently renovated office property in Highland Park
News release
03 November 2025
Class A office building in Dallas refinanced through regional bank
DALLAS, Nov. 3, 2025 – JLL Capital Markets announced today that it has arranged refinancing for 3100 Monticello, a recently renovated, 175,193-square-foot office building in Dallas, Texas.
Working on behalf of the borrower, Prescott Group, JLL placed a five-year loan with a regional bank.
Originally built in the 1980’s, 3100 Monticello has undergone more than $4 million in upgrades to the lobby, tenant spaces, amenity offerings and HVAC systems throughout Prescott Group’s hold period. The nine-story property can accommodate tenants of both medium and small scales and is currently 90% leased to a diversified rent roll. On-site amenities include a fitness center, tenant lounge/grab-and-go and an underground parking garage, a unique feature for an asset of this vintage.
3100 Monticello is located in Highland Park, Dallas’ most affluent neighborhood with proximity to Knox-Henderson, Preston Center and Uptown Dallas. The property is easily walkable to more than 100 amenities, including dining, entertainment options and hotel accommodations, as well as the Katy Trail, a 3.5-mile urban greenway and popular recreational corridor. Major mixed-use developments surrounding the property include The Knox, Weir’s Plaza and the Terminal at Katy Trail. 3100 Monticello also offers convenient access for commuters as it’s just off the Central Expressway (Interstate 75) and close to the Dallas North Tollway.
JLL’s Capital Markets Debt Advisory team representing the borrower was led by Executive Managing Director Trey Morsbach, Senior Director Jarrod McCabe, Associate Jordan Buck and Analyst Riley Alam.
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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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Prescott Group
Prescott Group was founded in 1996 and is headquartered in Dallas, Texas. The Company is a diversified real estate investment firm with nearly 30 years of experience in asset management, acquisitions and debt resolution management. Prescott Group is inclusive of three distinct yet cohesive vehicles; Prescott Realty Group, Dyck O’Neal and Prescott Advisors. The Company utilizes its core strengths across all three verticals to identify, evaluate, and execute on accretive real estate transactions. For more information, please visit: www.prescottgroup.com.