First Horizon Bank Provides $39M Construction Loan For Jacksonville Jaguars' New Headquarters

The Jacksonville Jaguars' new headquarters at 1406 Gator Bowl Boulevard in Jacksonville, has secured a $39,000,007 construction loan from First Horizon Bank. The loan, arranged by Philip Rachels and Jeff Kinney of CBRE's Jacksonville office, has a term of 10 years. The development site spans a total of 143,000 square feet and is a Class A office building. The Jaguars will occupy three floors of the building, with the remaining space available for lease.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $39,000,007
• Address: 1406 Gator Bowl Boulevard
• Market: Jacksonville
• Lender: First Horizon Bank

The loan was secured by CBRE's Philip Rachels and Jeff Kinney. It demonstrates optimism in the Jacksonville office market, despite the challenging office fundamentals. The building will serve as a headquarters for the Jacksonville Jaguars, with the team occupying three floors of the Class A office space. The remaining space will be available for lease to other tenants.