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| 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 | www.hfflp.com
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