MIAMI, FL – The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced has arranged refinancings totaling $53.5 million for an office and industrial portfolio in Miami, Florida.HFF senior managing director Paul Stasaitis (middle right photo) and senior real estate analyst Todd Adams worked exclusively on behalf of entities controlled by The Adler Group to secure two seven-year, fixed-rate loans for the purpose of refinancing a maturing CMBS loan.
The office and industrial portfolio (top left photo) is situated in Miami’s Airport West submarket. The properties have tenants including ITT Technical Institute, Miami-Dade Health Department and American Cancer Society.
“The prop
erty’s prime location, operating history and highly experienced sponsorship
created an extremely competitive lending market for these placements. Many market participants may view the debt markets as somewhat stymied, however these transactions, which were closed within three weeks of application execution, simply illustrate that there is ample debt-market liquidity,” said Stasaitis.“We were very pleased with level of options and creativity HFF provided, which ultimately led us to two ideal financing solutions,” said Brett Harris of The Adler Group.
The Adler Group and its affiliates have developed and acquired in excess of 14 million square feet of industrial, office, retail and residential real estate in more than 40 years as a landmark South Florida company. The Adler Group has helped build South Florida’s business infrastructure, while contributing steadily to the community as a whole.
CONTACTS:
G. Paul Stasaitis, HFF Senior Managing Director, 305 448 1333. pstasaitis@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990. lmcdowell@hfflp.com
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