Wednesday, June 21, 2017

HFF arranges $19 million refinancing of Class A office building in Jacksonville, FL

One Deerwood Office  Building, Deerwood Park, Jacksonville, FL

Michael Weinberg
ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $19 million refinancing of One Deerwood, a 161,167-square-foot, Class A office building in Jacksonville, Florida.

HFF worked on behalf of the borrower, Taurus Investment Holdings, LLC, to secure the three-year, floating-rate loan through Ares Management.  HFF was also involved in the sale of the asset to Taurus in 2007.

One Deerwood is located within Deerwood Park, the largest, full-service multi-purpose park in Jacksonville and within the prestigious Butler Corridor submarket. 

The six-story property has excellent visibility from more than 108,000 cars per day due to its location at the interchange of J Turner Butler Boulevard and Routes 202 and 115. 

Additionally, the property is highly-amenitized being located near many of the area’s lifestyle and retail demand drivers, including St. Johns Town Center.  One Deerwood is leased to tenants, including CIT Bank, JMB of North Florida and Amports, Inc. 

The HFF debt placement team representing the borrower was led by senior managing director Michael Weinberg and director Porter Terry

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

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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