Sunday, January 10, 2016

HFF secures $25.2 million refinancing for Dadeland Centre II in Miami, FL

Dadeland Centre II, Miami, FL

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $25.2 million loan for the refinancing of Dadeland Centre II, a 113,691-square-foot, Class A office property in Miami, Florida.

Elizabeth Green

Working on behalf of the borrower, The Green Companies, HFF placed the 10-year, fixed-rate loan through New York Life Real Estate Investors.    HFF arranged refinancing for Dadeland Center I, an adjacent building controlled by the same owner, earlier in 2015.

Paul Stasaitis

Dadeland Centre II is located at 9150 South Dadeland Boulevard, within walking distance of the Dadeland South Miami Metrorail station, which provides access to downtown Miami and the greater Miami area including Coral Gables, Brickell Financial District and the Miami International Airport.

 The property is highly accessible and visible from the Palmetto Expressway, US-1, Dadeland Mall and the Baptist Health Cancer Facility.  

Completed in 2008, Dadeland Centre II features hurricane resistant glass, 250 covered parking spaces and superior accessibility via its location in walking distance of Miami’s Metrorail.

 The property is 84 percent leased to tenants including Cole, Scott & Kissane and Credomatic of Florida. 

The HFF debt placement team representing the borrower was led by senior managing director Paul Stasaitis and associate director Jose Carrazana.

“Dadeland Centre II, like its sister property, represents a best in class location within the Dadeland submarket and its close proximity to executive housing as well as mass transit, resulted in very favorable debt capital interest,” said Stasaitis

The Green Companies negotiating team was led by James Bernstein, Brian Bernstein and Elizabeth Green. 

For a complete copy of the company’s news release, pease contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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