{"id":1004180296,"date":"2017-06-15T09:38:29","date_gmt":"2017-06-15T17:38:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180296"},"modified":"2022-12-07T06:34:13","modified_gmt":"2022-12-07T14:34:13","slug":"jacksonville-office-asset-lands-19m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/","title":{"rendered":"Jacksonville Office Asset Lands $19M Refi"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004180298\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004180298\" data-attachment-id=\"1004180298\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/capture-106\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png\" data-orig-size=\"671,503\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"One Deerwood\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Deerwood &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png?w=671\" loading=\"lazy\" class=\"wp-image-1004180298 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png\" alt=\"One Deerwood \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png 671w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004180298\" class=\"wp-caption-text\">One Deerwood<\/p><\/div>\n<p>HFF arranged a $19 million refinancing of One Deerwood, a Class A, 161,167-square-foot office building in Jacksonville, Fla. The mortgage replaced a previous CMBS loan on the property, which was scheduled to mature in May 2017, according to Yardi Matrix.<\/p>\n<h2>Floating-Rate Loan<\/h2>\n<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-13m-refi-for-delaware-office-building\/\">debt placement <\/a>team worked on behalf of the borrower, Taurus Investment Holdings LLC, to secure the three-year, floating-rate loan. Senior Managing Director Michael Weinberg and Director Porter Terry led HFF\u2019s team that arranged the financing through Ares Management. Taurus Investment purchased the asset in 2007, when HFF was also involved in the transaction.<\/p>\n<p>Completed in 1999, the six-story property sits on a 10.85-acre site at 10201 Centurion Parkway North within Deerwood Park, the largest, full-service multi-purpose campus in Jacksonville, Fla. One Deerwood features 24-hour on-site security, a parking ratio of five spaces per 1,000 square feet and on-site management office.<\/p>\n<p>The property is leased to tenants including CIT Bank, JMB of North Florida and Amports Inc. Located in the Butler Corridor submarket at the interchange of J Turner Butler Boulevard and routes 202 and 115, One Deerwood is near many of the area\u2019s lifestyle and retail drivers, including St. Johns Town Center.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF secured the loan on behalf of the owner, Taurus Investment Holdings LLC. The property is part of Deerwood Park, the largest full-service campus in Jacksonville, Fla.<\/p>\n","protected":false},"author":240,"featured_media":1004180298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1591,21742,21747],"tags":[33121,32792,34061,36141],"class_list":["post-1004180296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-jacksonville","category-latest","category-office","tag-ares-management-lp","tag-hff","tag-michael-weinberg","tag-taurus-investment-holdings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jacksonville Office Asset Lands $19M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jacksonville Office Asset Lands $19M Refi\" \/>\n<meta property=\"og:description\" content=\"HFF secured the loan on behalf of the owner, Taurus Investment Holdings LLC. The property is part of Deerwood Park, the largest full-service campus in Jacksonville, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-15T17:38:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T14:34:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"671\" \/>\n\t<meta property=\"og:image:height\" content=\"503\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/\",\"name\":\"Jacksonville Office Asset Lands $19M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png\",\"datePublished\":\"2017-06-15T17:38:29+00:00\",\"dateModified\":\"2022-12-07T14:34:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture2.png\",\"width\":671,\"height\":503,\"caption\":\"One Deerwood\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-19m-refi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Jacksonville Office Asset Lands $19M Refi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\",\"name\":\"Timea-Erika Papp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"caption\":\"Timea-Erika Papp\"},\"description\":\"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. 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