News Article | 6/24/2014

Regions Bank issues $13.6M mortgage to Hillwood

Jacksonville (Florida) Daily Record: Regions Bank issued a $13.6 million mortgage to Hillwood Development Co. for its first shell warehouse at Cecil Commerce Center. The mortgage was issued Monday and recorded with the Duval County Clerk of Court. Regions Bank issued the loan to New World Avenue Bldg A-1 LLC, whose managing member is JCCC Development Project LLC, which was filed with the state by Dallas-based Hillwood. The city chose Hillwood as the master developer of its Cecil Commerce Center property. Hillwood is developing the land as AllianceFlorida at Cecil Commerce Center. See full story.