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| Dadeland Center I, 9155 South Dadeland Boulevard, Miami, FL |
MIAMI, FL –
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $31 million
refinancing for Dadeland Centre I, a 130,000-square-foot, Class A office
property in Miami, Florida.
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| Paul Stasaitis |
HFF worked
on behalf of the borrower, The Green Companies, to secure the 10-year,
fixed-rate loan through New York Life Real Estate Investors.
Dadeland
Centre is located at 9155 South Dadeland
Boulevard adjacent to the Dadeland South Miami Metrorail Station providing
access to downtown Miami and as far north as Palmetto.
The property is highly visible from the
Palmetto Expressway, and is close to US 1, the Dadeland Mall, Baptist Health
Cancer Facility, Miami International Airport and Coral Gables.
Completed in 2001, Dadeland Center I is 95
percent leased to tenants including Symantec, Ingham & Company and Eastman
Chemical.
The property features hurricane resistant
glass, nine-foot ceilings, 400 covered parking spaces, and skyline and water
views. A $500,000 renovation to the
property’s interior is currently underway.
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| Jose Carrazana |
The HFF debt
placement team representing the borrower was led by senior managing director Paul Stasaitis and associate director Jose Carrazana with additional support
from real estate analysts Maxx Carney
and Cecily Nazario.
“Capital
providers held a very positive view of this loan request, essentially for many
of the same reasons tenants enjoy a presence at the property, including a highly
desirable transit-oriented location, dedicated hands-on ownership/management,
and high-level building quality,” said Stasaitis.
As one of
Miami’s oldest real estate development and management firms, The Green
Companies is a “best-in-class” sponsor with a long-term ownership philosophy
and has built a reputation throughout the real estate community as one of the
area’s most skilled operators and prolific developers of high quality real
estate assets.
With over 60 years of experience and more than
two million square feet of highly successful office and mixed-use projects to
their name, including Datran I and II, Dadeland Centre I and II, The Towers of
Dadeland, and The Greenery Mall.
The Green
Companies negotiating team was led by James
Bernstein, Brian Bernstein and Elizabeth Green.
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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