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| Turnberry Plaza, Biscayne Boulevard and 191st Street, Aventura, FL |
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| William Gallagher |
MIAMI, FL — City
National Bank of Florida (CNB), announced that it has acquired and extended a
$10 million loan to Turnberry Plaza, Ltd. to finance Turnberry Plaza, a
10-story, 104,000 square-foot office building located on Biscayne Boulevard and
191st Street in Aventura.
Turnberry Plaza is located in the heart of Aventura with tenants such as
Premier Asset Management and International Sales Group.
The building, which includes 298 surface parking spaces, was
renovated in 2001 and is 92 percent leased and occupied. City National Bank also occupies space in
the building as well as a drive-through banking location in the lobby. CNB also has naming rights to the
building.
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| Jason Landa |
William Gallagher, Senior Vice President of Real
Estate Banking at City National Bank was responsible for the acquisition of the
loan.
“Aventura is a tight office market, and quality office space
in the area is scarce,” said Gary Fitzgerald, Executive Vice President
of Real Estate Banking for City National Bank.
“Turnberry Plaza is in the perfect location with ample parking and easy
access to major roadways.”
Susana Camero and Jason Landa, asset managers
with Turnberry Plaza, Ltd., handled the transaction for Turnberry Plaza.
“Mr. Gallagher and the CNB team worked closely with Jason
and myself to ensure a seamless and successful transaction.
“We at Turnberry Plaza are pleased to continue providing
superior office space for the Aventura business community and maintaining our
long-standing relationship with City National Bank,” Susana Camero said.
For a complete
copy of the company’s news release, please contact:
Caren Berg
Senior Vice President
Boardroom Communications, Inc
1776 N. Pine Island Road, #320
Plantation, FL 33322
954-370-8999
954-829-7064 Cell
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