Wednesday, September 30, 2015

$31 million financing for mixed-use property in suburban Indianapolis arranged by HFF

Rendering of  The Depot at Nickel Plate, 8594 East 116th Street, Fishers, IN

INDIANAPOLIS, IN –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $31 million in financing for The Depot at Nickel Plate, a recently-completed, mixed-use property with 242 luxury residential units and 17,045 square feet of ground floor retail located in Fishers, Indiana.

HFF worked on behalf of the borrower, Flaherty & Collins Properties, to secure the 10-year, fixed-rate loan through a correspondent life insurance company.  Loan proceeds were used to replace the existing construction financing and return capital to the owners.

David B. Keller
Completed in April 2015, The Depot at Nickel Plate is situated on 3.5 acres at 8594 East 116th Street in Fishers, Indiana less than one half of a mile from the Interstate 69 and 116th Street interchange. 

The residential component consists of 50 percent one-, 49 percent two- and one percent three-bedroom units ranging from 703 to 2,297 square feet each.  Units feature nine-foot ceilings, granite countertops, stainless steel appliances,

 USB outlets and full-size washers and dryers with select units offering Nest® thermostats, prewiring for Bluetooth® surround sound and upgraded appliance packages.

 Community amenities include a health club with interactive fitness classes, a yoga/Pilates studio, game room, cyber café, screening lounge and club room. 

Outdoor amenities include two courtyards, resort-style swimming pool, grilling areas, pet wash and bark park, which are all served by an attached 430-space parking garage.

The HFF debt placement team representing the borrower was led by senior managing director David B. Keller.

“This property is an important element to the City of Fisher’s Nickel Plate redevelopment project.  The Depot provides key ‘live-work-play’ amenities to the area’s downtown core,” said Keller.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

No comments: