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| 4000 Ponce/The Collection Building, Coral Gables, FL |
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| Suzanne Amaducci-Adams |
MIAMI, FL – HFF announced it has secured $74 million in
financing for 4000 Ponce/The Collection Building, a
295,088-rentable-square-foot, trophy property situated in Coral Gables,
Florida.
Working exclusively on behalf of the borrowers, The Collection
Properties, LLC and The Collection LLC, HFF placed the 10-year, fixed-rate
financing with a European-based insurance company. Proceeds will be used to repay the existing loan.
4000
Ponce/The Collection Building is located at 4000 Ponce De Leon Boulevard in
Coral Gables, immediately north of The Village of Merrick Park, one of South
Florida’s most prestigious shopping and dining destinations.
Completed in 2002, the property is 91 percent leased and
includes 178,101 square feet of Class A office and retail space that is leased
to a diverse tenant base.
The property also includes The Collection, one of the
nation’s premier automotive dealerships featuring the world’s leading
automobile brands such as Ferrari, Maserati, McLaren, Aston Martin, Jaguar,
Porsche and Audi.
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| Alexandra Lehson |
The
HFF team representing the borrower was led by senior managing director Paul
Stasaitis, managing director Jim Dockerty and real estate analyst Jose
Carrazana.
The Bilzin Sumberg legal team representing the borrower
consisted of Jim Shindell, Suzanne Amaducci-Adams and Alexandra Lehson.
“The success of this loan placement was directly correlated
to numerous factors, including the borrower’s forward development vision of
this unique office-retail property 10 years ago, the phenomenal success of The
Collection, as well as the rapid transformation of the immediate area into an
exciting, upscale live-work-play destination,” said Stasaitis.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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