Massive Nashville Mixed-Use Project Gets $75M Refi
- Aug 04, 2016
Nashville, Tenn.—HFF recently secured refinancing worth $75 million for an 892,886-square-foot, mixed-use development in south Nashville, Tenn. One Hundred Oaks is a retail, entertainment and medical office center.
HFF worked on behalf of LaSalle Investment Management to place the seven-year, floating-rate loan with JPMorgan Chase Bank, N.A. Loan proceeds were used to refinance the existing debt previously arranged by HFF.
Located at 719 Thompson Lane, One Hundred Oaks was redeveloped in 2009 and 2010 as an adaptive reuse project, and was 99 percent occupied at the time of the announcement. The medical office space, which accounts for more than 50 percent of the overall square footage, is leased to Vanderbilt University Medical Center. Other tenants include Regal Cinemas, Burlington Coat Factory, Ross Dress for Less, T.J. Maxx, HH Gregg Appliances, PetSmart, Michael’s, K&G Men’s Company, Guitar Center, Ulta Beauty, Kirkland’s Home, Electronics Express, Chipotle, Regions Bank, Logan’s Roadhouse, Panera Bread and Panda Express.
Senior Managing Director John Rose and Director Campbell Roche led the HFF team representing the owner.
Image via Yardi Matrix