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Indianapolis — HFF has arranged a $104 million loan for the refinancing of 360 Market Square, a 27-story retail and residential property located at the former Market Square Arena site in Indianapolis.
David Keller and Adam Mallory of HFF arranged the floating-rate loan through Heitman LLC on behalf of the borrower, Flaherty & Collins Properties. Proceeds of the loan will be used to retire existing construction financing. The property includes 292 apartments units and 42,000 square feet of ground-floor retail anchored by Whole Foods Market. In addition, 360 Market Square features a 550-space parking garage with 350 spaces reserved for resident parking.