Monday, April 17, 2017

HFF closes $19.25 million sale of and arranges $12.5 million financing for Sabadell Financial Center in Broward County, FL

Sabadell Financial Center, 150 South  Pine Island Road, Plantation, FL

Hermen Rodriguez
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $19.25 million sale of and arranged $12.5 million in financing for Sabadell Financial Center, a five-story, 102,007-square-foot, Class A office building in the Broward County community of Plantation, Florida.

HFF marketed the property on behalf of the seller, Clarion Partners, LLC, and procured the buyer, The Green Companies.  

Clarion Partners acted on behalf of a separately managed account client advised by the firm. Additionally, HFF assisted the new ownership in securing the 10-year, fixed-rate loan through Aegon USA Realty Advisors, LLC. 

Sabadell Financial Center is located at 150 South Pine Island Road, just north of Interstate 595, which provides access to all parts of the tri-county area. 

The 7.3-acre site is equidistant between Miami and West Palm Beach and close to Fort Lauderdale-Hollywood International Airport, Port Everglades and downtown Fort Lauderdale. 

Extensively renovated from 2012 to 2015, Sabadell Financial Center is 96 percent leased to tenants, including Sabadell United Bank, Quest Workspaces and Ferencik Libanoff Brandt Bustamante & Goldstein, P.A. 

Elizabeth Green
The HFF investment sales team representing the seller was led by senior managing director Hermen Rodriguez, director Ike Ojala and associate director Tracey Goo.

HFF’s debt placement team was led by senior managing director Paul Stasaitis and associate Maxx Carney.

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

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

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

Winter & Co. Arranges $45 million construction loan for ground-up condominium development in Greenwich Village, NY

NEW YORK, NY -- Winter & Company has arranged a $45 million construction loan for the ground-up development of an ultra-high-end, 10-unit, nine-story luxury condominium building in a prime location in Greenwich Village in downtown Manhattan.

The full-block-wide site provides light and air on three sides. The upper units will have views of the Hudson River and some will have underground parking. 

The well-capitalized developer specializes in creating bespoke, boutique condominium buildings in Downtown Manhattan with very high-level finishes, design and aesthetics. The 3-year construction loan is priced at 350 basis points above 30-day LIBOR with a floor of 3.9% and was structured with limited recourse.

Winter & Company is a Manhattan-based, commercial mortgage advisory firm that specializes in arranging development and construction financing (as well as joint venture equity for new developments), multifamily and mixed-use property financing and arranging cooperative underlying mortgages since 1989.

Its affiliate, W Financial Fund, LP is a direct private bridge lender providing short-term, special situation financing primarily for NYC multifamily and mixed-use properties since 2003.

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

Gregg Winter - President
Winter & Company
Creative Minds | Unparalleled Service ®
149 Madison Avenue, Seventh floor
New York, NY 10016
Phone: 212 532-9170