Holliday Fenoglio Fowler, L.P. announced today that 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.
About Taurus Investment Holdings, LLC
Established in 1976, Taurus is a Real Estate Private Equity Company and active deal participant in thirty markets around the world, currently owning over 16 million square feet of commercial space and over 1,500 rental apartments. It maintains operating offices in Boston, Atlanta, Austin, Jacksonville, Orlando, Munich, Buenos Aires and Istanbul. Through fully owned local subsidiaries (regional office model) such as advisory, property management and value add development companies, Taurus, together with its international private investors and strategic joint venture partners, leverages its local market proficiency and performance record to capitalize on select investment opportunities. www.tiholdings.com.
About HFF
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
