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| One Deerwood, a 161,167-square-foot, Class A office building in Jacksonville, FL |
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| Porter Terry |
JACKSONVILLE, FL –
JLL Capital Markets
announced it has arranged a $20.1 million refinancing for One Deerwood,
a 161,167-square-foot, Class A office building in Jacksonville, Florida.
JLL worked on behalf of the
borrower, an affiliate of Boston-based Taurus Investment Holdings, LLC, to
secure the three-year, floating-rate bridge loan with Prime Finance.
One Deerwood is located
at 10201 Centurion Parkway within Jacksonville’s prestigious Butler/Baymeadows
submarket.
The
property has a highly visible and accessible location near the interchange of J
Turner Butler Boulevard/Route 202 and Southside Boulevard and is surrounded by
a robust amenity base, including St. Johns Town Center. Renovated in 2017, the
six-story building is 88% leased.
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| Tarik Bateh |
The JLL Capital Markets
team representing the borrower included Senior Directors Porter Terry
and Tarik Bateh.
“The closing took place in the
midst of the current unrest in the financial markets and both Taurus and Prime
worked diligently through those challenges to get the transaction closed,”
Terry said.
“Having both a best-in-class and
cycle-tested borrower and lender allowed JLL to close a transaction in an
extremely challenging environment,” Bateh
added.
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CONTACT:
Kristen Murphy
Senior Manager, Public Relations
JLL Capital Markets
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873