$7.48M refinancing arranged for Long Beach office building with ground floor retail

SAN DIEGO, Mar. 30, 2026 –  JLL Capital Markets announced today that it has arranged a $7.48 million refinancing for 200 Pine, a Class A office and retail building totaling 64,376 square feet in Long Beach, California.

JLL worked on behalf of the borrower, Bascom Group, to secure permanent, fixed-rate financing.

Renovated in 2022, 200 Pine is a six-story building that is 81% leased to 15 tenants across diverse industries. Recent leasing momentum includes a newly signed lease with Dirty Birds, a restaurant and sports bar, which will occupy a portion of the ground-floor retail space. The property features high-quality, Class A common areas, modern tenant improvements, ground-floor retail space and a 132-space attached parking garage.

The property is positioned at the corner of Pine Avenue and Broadway, benefiting from heavy pedestrian traffic and excellent visibility in the heart of downtown Long Beach. 200 Pine is close to the city’s key civic, cultural and business landmarks as well as nearly 5,000 new housing units in Long Beach.

JLL’s Debt Advisory team representing the borrower included Director Brad Vansant and Analyst Jenna Frakes.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com. 

Bascom Group is a private equity firm specializing in opportunistic real estate investments and repositioning strategies. As of 2025, Bascom Group has completed $23 billion in multifamily value-add transactions and $6 billion in commercial transactions, encompassing more than 93,000 multifamily units and 24 million square feet of commercial space.