Saturday, September 10, 2016

HFF facilitates $26.2 million financing for 300-unit multi-housing development in Jacksonville, FL

Elliot Throne

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it worked alongside the developer, Integra Land Company, to assist in arranging $26.2 million in construction financing for the development of Integra River Run, a 300-unit, Class A multi-housing project in Jacksonville, Florida.  The construction loan was placed with Miami-based Capital Bank.

Integra River Run will be situated at Maxx Leggett Parkway and Owens Road on a 23-acre site within the 65-acre Shands Crossing master planned community. 

The property will be across the street from the newly-built, 200,000-square-foot UF Health North medical complex, which will function as a full-service hospital once the second phase of the project is completed.

 In addition, an Amazon fulfillment center that will employ 1,500 people is currently under development approximately three miles southwest of the property.  Located within a mile of Interstate 95, the property is accessible to nearby River City Marketplace, Jacksonville International Airport and the Port of Jacksonville.

 Due for completion in 2017, Integra River Run will have one-, two- and three-bedroom units averaging 979 square feet each.  Community amenities will include a swimming pool with sun deck, outdoor lanai and barbecue area, state-of-the-art fitness center, cyber café, game room with billiards and attached/detached garages.

The HFF debt placement team representing the borrower was led by managing director Elliott Throne.

“Integra River Run is perfectly positioned to capture the increasing residential demand coming to the immediate area with UF Health North’s opening,” said Throne.  “Capital Bank provided great loan terms on a luxury multi-housing property that is also poised to benefit from Amazon’s arrival to the expanding Northside Jacksonville submarket.”

 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 |

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