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| Gallery at Mills Park Apartments, 1650 North Mills Avenue, Orlando, FL |
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| Eric Tupler |
DENVER, CO – HFF announced today that it has secured $33.25
million in acquisition financing for Gallery
at Mills Park, a newly-built, 310-unit, Class AA, luxury midrise
residential community within a mixed-use development in the heart of Orlando,
Florida.
HFF
secured a 10-year, fixed-rate loan on behalf of the borrower, a client advised
by Heitman. HFF is servicing the loan.
Completed in 2014, Gallery at Mills Park is composed of one five-story
building that contains 133 one-, 125 two- and 10 three-bedroom units and 42
studios averaging 828 square feet.
The property has 12 different floor plans and features two
resort-style pools, an outdoor yoga platform, poolside suites with televisions,
poolside fire pit lounges, Wi-Fi surf lounge with Mac computers, conference
room, bicycle lockers, outdoor Zen area, game and sports lounge with a 70”
television, 24-hour fitness center, spa treatment room, relaxation lounge and
storage units.
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| Leon McBroom |
Situated on 4.23 acres at 1650 North Mills Avenue, the property is located within the Mills
Park mixed-use development in central Orlando, approximately 3.2 miles from
downtown.
Gallery at Mills Park is within walking distance to restaurants
and one of only three Fresh Markets in Orlando.
The Orlando Urban Trail, a recreational trail that eventually will
extend to the Central Business District, is adjacent to the community.
The
HFF debt placement team representing the borrower was led by director Michael
Weinberg, senior managing director Eric
Tupler and real estate analyst Leon
McBroom.
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
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