Wednesday, May 14, 2014

HFF secures $16 million financing for Lake Shore Plaza II in Sunrise, FL


Lakeshore Plaza II, 1300 Concord Terrace, Sunrise, FL
 
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.

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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