Holliday Fenoglio Fowler, L.P. (HFF) announces the $6.75 million financing of 442 West Kennedy Boulevard, a 37,400-square-foot mixed-use property in Tampa, Florida.

The HFF team worked on behalf of the borrower, a joint venture between Tricera Capital and the Gianco Companies, to secure the five-year, fixed-rate loan through JCR Capital. Loan proceeds were used to acquire the property and fund future capital expenditure items.

442 West Kennedy Boulevard is situated at the apex of West Grand Central Avenue and Kennedy Boulevard just steps from the campus of the University of Tampa, which is home to more than 7,000 students. Its premier location west of downtown is adjacent to multiple new residential developments, including Altis Grand Central and Manor Riverside. Furthermore, the property is located near the Oxford Exchange, a popular local restaurant, bookstore, coworking space and event venue. Overall Tampa is currently undergoing a renaissance, transforming from a market dominated by old paradigm Class A office buildings to a highly attractive area to live, work and play.

Originally built in 1925, 442 West Kennedy Boulevard comprises 24,700 square feet of office space and 12,700 square feet of retail space. The building features two stories of office space comprising of both local and regional tenants. Occupying the majority of the ground floor is the fine dining restaurant, Mise En Place, which has been in business at this location for more than 30 years and was recently named the No. 1 Restaurant in Tampa Bay.

The HFF debt placement team representing the borrower included senior director Scott Wadler and director Preston Reid.

“The Tampa Bay area has evolved over the past several years into one of the most desirable cities in the country for real estate investment,” Reid said. “As a Tampa native, it is exciting to see sophisticated, well-capitalized investors like Tricera Capital buying into the vision of Tampa as a top-performing metro.”

About Tricera Capital

Tricera Capital is a real estate investment firm focused on value-add urban retail and mixed-use investments within the United States. Since launching in 2017, Tricera has been very active, leveraging the team’s experience and relationships to create off-market opportunities and quickly amassing a portfolio in select target markets. Tricera’s principals are seasoned real estate professionals with deep track records of success in deal sourcing, acquisitions, syndication, and leasing. Their combined experience enables Tricera to strategically identify and execute on deals and move swiftly to create value by repositioning assets and upgrading the tenancy to deliver superior returns to investors.

About Gianco Companies

Gianco Companies owns several historically significant, boutique lifestyle buildings and hotels in the greater Tampa Bay Area including the famous co-working and event space concept – Station House, which is opening a new location in Hyde Park Village next summer. For more information, please visit: www.gianco.co.

About JCR Capital

JCR Capital is an alternative investment manager and finance company that provides capital solutions to middle market commercial real estate sponsors. Investing on behalf of insurance companies, public pension funds, endowments, foundations, family offices and high-net worth individuals, JCR Capital provides customized senior first mortgage debt, JV equity, preferred equity and structured credit solutions to real estate sponsors with a particular focus on value add and opportunistic situations. For more information, visit www.jcrcapital.com.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.