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| Lakeshore Plaza II, 1300 Concord Terrace, Sunrise, FL |
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| Elliott Throne |
MIAMI, FL – HFF announced it has secured $16 million in
financing for Lake Shore Plaza II, a 128,470-square-foot, Class A office
property in Sunrise, Florida.
Working
exclusively with Cornerstone Real Estate Advisers, acting on behalf of an
institutional investor, HFF placed the 10-year, fixed-rate loan with a life
insurance company.
Lake
Shore Plaza II is located at 1300 Concord Terrace within the Sawgrass
International Corporate Park close to the Sawgrass Expressway, Interstates 75
and 595, and the Sawgrass Mills Mall in Broward County.
Completed in 2008, the five-story property is 97.5 percent
leased to tenants including New York Life, Emerson Electric, T-Mobile, GMMI and
Oracle. Lake Shore Plaza II was the
first multi-tenant office building in South Florida to receive LEED Silver
certification.
The
HFF team representing the borrower was led by managing director Elliott
Throne along with senior managing director Dana Brome and associate
director Jorge Portela.
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| Dana Brome |
Cornerstone Real Estate Advisers LLC, with subsidiary and
affiliate offices in the U.S., UK,
Europe, and Asia, is one of the largest global real estate
investment managers. It provides core and value-added investment and advisory
services, including a comprehensive suite of private and public real estate
debt, equity and securities expertise and services, to institutional and other
qualified investors around the globe.
Cornerstone is a member of the MassMutual
Financial Group. For more information, visit www.cornerstoneadvisers.com.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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