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| (Photo by Daniel Showalter) Axis Apartments, 401 North Senate Avenue, Northwest Quadrant, Central Business District Indianapolis, IN |
INDIANAPOLIS, IN – Feb. 22,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured
$70.6 million in financing for Axis,
a 435,894-square-foot, Class A, mixed-use residential and retail property in
downtown Indianapolis.
HFF worked on behalf of
the borrower, Flaherty & Collins Properties, to place the10-year,
fixed-rate loan with Allianz Life Insurance Company of North America through
Allianz Real Estate of America, LLC, a correspondent life company lender. Loan proceeds were used to replace the
existing construction financing and return capital to the owners.
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| Dave Keller |
Axis is located at 401 N.
Senate Avenue within the northwest quadrant of the Indianapolis central
business district, three blocks north of Monument Circle.
With a Walk Score® of 86, this location
offers convenient access to the downtown employment market, the Indiana
University – Purdue University Indianapolis campus, and numerous dining and
entertainment options.
Completed in 2015, the mid-rise property has
336 luxury units averaging 914 square feet each along with 47,117 square feet
of retail space, which features a 42,000-square-foot Marsh Supermarket.
The apartments and retail improvements
surround a 426-space, secured parking garage with speed ramp and floor-by-floor
resident access.
The resort-style
community amenities include a stainless steel, saltwater swimming pool; aqua
lounge with kitchenette; grilling station; pet wash/pet walk; Zen garden; Sky
Bar with 360-degree views of the downtown skyline; and 24-hour club room with
two-story fitness center, yoga/Pilates studio, catering kitchen, gaming lounge,
bike room, study lounges, conference room and library.
The HFF debt placement
team representing the seller was led by senior managing director Dave 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 | www.hfflp.com
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