Sunday, March 23, 2014

HFF secures $74 million financing for 4000 Ponce/The Collection Building in Coral Gables, FL



4000 Ponce/The Collection Building, Coral Gables, FL

Suzanne Amaducci-Adams
MIAMI, FL – HFF announced it has secured $74 million in financing for 4000 Ponce/The Collection Building, a 295,088-rentable-square-foot, trophy property situated in Coral Gables, Florida.

                Working exclusively on behalf of the borrowers, The Collection Properties, LLC and The Collection LLC, HFF placed the 10-year, fixed-rate financing with a European-based insurance company.  Proceeds will be used to repay the existing loan.

                4000 Ponce/The Collection Building is located at 4000 Ponce De Leon Boulevard in Coral Gables, immediately north of The Village of Merrick Park, one of South Florida’s most prestigious shopping and dining destinations. 

Completed in 2002, the property is 91 percent leased and includes 178,101 square feet of Class A office and retail space that is leased to a diverse tenant base.

The property also includes The Collection, one of the nation’s premier automotive dealerships featuring the world’s leading automobile brands such as Ferrari, Maserati, McLaren, Aston Martin, Jaguar, Porsche and Audi.

Alexandra Lehson
                The HFF team representing the borrower was led by senior managing director Paul Stasaitis, managing director Jim Dockerty and real estate analyst Jose Carrazana

The Bilzin Sumberg legal team representing the borrower consisted of Jim Shindell, Suzanne Amaducci-Adams and Alexandra Lehson.

“The success of this loan placement was directly correlated to numerous factors, including the borrower’s forward development vision of this unique office-retail property 10 years ago, the phenomenal success of The Collection, as well as the rapid transformation of the immediate area into an exciting, upscale live-work-play destination,” said Stasaitis.
  
For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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