One Deerwood
JACKSONVILLE, FL—JLL Capital Markets has arranged a $20.1 million three-year floating rate bridge loan for One Deerwood, a 161,167-square-foot, Class A office building here. The building is owned by Boston-based Taurus Investment Holdings and the lender is Prime finance.
One Deerwood is located at 10201 Centurion Parkway within Jacksonville's Butler/Baymeadows submarket. Renovated in 2017, the six-story building is 88% leased.
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 in prepared remarks.
The building was constructed in 1999 and Taurus acquired it in 2007. Taurus' office strategy focuses on suburban locations, strong employment growth and access to infrastructure.
"Having both a best-in-class and cycle-tested borrower and lender allowed JLL to close a transaction in an extremely challenging environment," Bateh said.
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