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 | www.hfflp.com

krmurphy@hfflp.com

HFF closes $4 million sale of fully-leased retail center near Orlando, FL

Celebration Village, Kissimmee, FL      (Photo lby Troy Morgan)

Whitaker Leonhardt

ORLANDO, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $4 million sale of Celebration Village, a 20,750-square-foot retail center in the Orlando-area community of Kissimmee, Florida.

HFF arranged the sale on behalf of the seller, TriGate Capital.  A private investor purchased the asset free and clear of existing debt.

Celebration Village is fully leased to eight tenants, including Sherwin-Williams and Domino’s Pizza.  Situated on 2.35 acres at 5455 West Irlo Bronson Memorial Highway, the center is located along the primary commercial corridor in the trade area, which has traffic counts of approximately 36,500 vehicles per day. 

Celebration Village is about one mile east of downtown Celebration, the nation’s first Walt Disney World-built master-planned community.  More than 25,787 residents earning an average annual household income of $65,246 live within a three-mile radius of the center.

The HFF investment sales team was led by associate director Whitaker Leonhardt and senior managing director Brad Peterson.  Gregory Newman, principal with Keystone Commercial Real Estate, LLC, represented the buyer, who is a Michigan-based investor.

“There is tremendous demand for well-located retail strip centers, and we were successfully able to generate 10 offers within a very short marketing timeline,” Leonhardt said.  “This center has maintained a healthy historical occupancy and is ideally positioned in the submarket to benefit from all of the surrounding developments.”  

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 | www.hfflp.com

krmurphy@hfflp.com