Thursday, September 25, 2014

HFF arranges permanent financing for The Boulevard at Oakley Station in Cincinnati, OH


Dave Keller
INDIANAPOLIS, IN – HFF announced it has arranged permanent financing for The Boulevard at Oakley Station, a 302-unit, Class A multi-housing community in Cincinnati, Ohio.

                HFF worked on behalf of the borrower, an affiliate of Flaherty & Collins Properties, to secure the 10-year, 4.14 percent fixed-rate loan through Allianz Real Estate of America, Inc.  Loan proceeds will retire an existing construction loan.

                The Boulevard at Oakley Station is located at 3225 Oakley Station Boulevard within Oakley Station, a 74-acre mixed-use development that encompasses a planned 225,000 square feet of retail including the nation’s largest Kroger grocery store, 350,000 square feet of office space and a 14-screen Cinemark movie theater. 

Completed in 2013, the property has enjoyed a brisk lease-up and includes studio, one- and two-bedroom units ranging from 682 to 1,703 square feet. 

The Boulevard at Oakley Station Apartments
Cincinnati, OH
Community amenities include a heated saltwater pool, billiards room, grilling area, fire pit, bocce ball court, clubhouse, gaming lounge, tanning bed, fitness center with yoga studio, and screening lounge. 

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

”Early this year, while Boulevard at Oakley was just beginning its lease-up, Flaherty & Collins decided that they would like to hedge their interest rate risk.  Allianz recognized the quality of the asset and location, and offered a competitive and compelling forward-rate lock loan structure.  Flaherty & Collins did the rest by conducting a very successful lease-up campaign,” 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, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

No comments:

Post a Comment