HFF secures $75 million refinancing for One Hundred Oaks mixed-use center in Nashville, Tennessee
DALLAS, TX – August 2, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $75 million refinancing for One Hundred Oaks, an 892,886-square-foot, mixed-use retail and medical office center in south Nashville, Tennessee.
HFF worked on behalf of the borrower, 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.
One Hundred Oaks is a retail, entertainment and medical office center with medical office space accounting for more than 50 percent of the overall square footage. One hundred percent of the medical office space is leased to Vanderbilt University Medical Center, which achieved green design and construction industry benchmark certification for LEED-CI (commercial interiors). The property was redeveloped in 2009 and 2010 as adaptive reuse and, in addition to Vanderbilt, is 99 percent occupied by 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. Situated on 53.64 acres at 719 Thompson Lane in Nashville, One Hundred Oaks is off Interstate 65 and close to the intersection of 65 and the Four-Forty Parkway (Interstate 440). The property is less than five miles from Vanderbilt University Medical Center’s hospitals in Nashville.
The HFF team representing the owner was led by senior managing director John W. Rose and director Campbell Roche.
About LaSalle Investment Management
LaSalle Investment Management (LaSalle) is one of the world’s leading real estate investment managers with approximately $58.3 billion of assets under management (as of Q4 2015) of private and public real estate property and debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. Managing capital for institutions and private investors all over the world, LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle is an independent subsidiary of JLL (NYSE: JLL), one of the world’s largest real estate companies. For more information, please visit www.lasalle.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.