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Indianapolis — HFF has secured $70.6 million in financing for Axis, a 435,894-square-foot mixed-use property located in the downtown Indianapolis central business district.
Dave Keller of HFF worked on behalf of the borrower, Flaherty & Collins Properties, to place the 10-year, fixed-rate loan with Allianz Life Insurance Company of North America through Allianz Real Estate of America LLC. Loan proceeds were used to replace the existing construction financing and return capital to the owners.
The Class A residential and retail property is comprised of 336 luxury multifamily units and 47,117 square feet of retail space, occupied largely by a 42,000-square-foot Marsh Supermarket.