April 13, 2020
JLL Capital Markets arranged a $20.1-million refinancing for One Deerwood, a 161,167-square-foot, Class A office building in Jacksonville. The borrower was an affiliate of Boston-based Taurus Investment Holdings, LLC.
The asset is located at 10201 Centurion Pkwy., 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.
JLL’s Porter Terry and Tarik Bateh secured the three-year, floating-rate bridge loan with Prime Finance.
Terry says, “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.”
For comments, questions or concerns, please contact Dennis Kaiser