Tuesday, September 17, 2013

City National Bank Provides $10 Million to Turnberry Plaza Ltd. for Financing of Aventura Office Building in South Florida


Turnberry Plaza, Biscayne Boulevard
and 191st Street, Aventura, FL

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. 

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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