PlainsCapital Bank of Dallas issued a $58.13 million construction loan last week for the Amazon.com center at Cecil Commerce Center.
The bank made the loan to Hillwood Development Co. LLC on Jan. 6, the same week Fort Worth-based Hillwood bought the property from the city for the project.
PlainsCapital made the loan to 103 BLDG C LLC, which Hillwood created to develop the project.
The mortgage was recorded Wednesday with the Duval County Clerk of Courts.
Through the LLC, Hillwood Investment Properties bought the 86-acre site at 13333 103rd St. from the city, paying $783,341.
The city approved site work in October.
Plans filed for the Cecil Amazon center show a construction cost of $56.5 million. The city also is reviewing an application for construction of a guard house.
Hillwood is the master developer of AllianceFlorida at Cecil Commerce Center. The city owns the former naval air station.
Seattle-based Amazon announced Jan. 4 it would open the fulfillment center at Cecil Commerce Center. It will handle large consumer items, while an Amazon center under development in Northwest Jacksonville will deal with small consumer items.
Both are expected to open in the fall. The Conlan Co. is the contractor for each.
The investment in both is projected to be $315 million and total employment will be 2,700, according to city legislation.
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