MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has closed the sale of and arranged acquisition financing for Miramar Center I and III and Huntington Centre I and II, a
four-property, Class A office portfolio totaling 373,902 square feet in
Miramar, Florida.
HFF marketed the
properties on behalf of the seller, MetLife, Inc. Starwood Capital Group purchased the
portfolio. Vanderbilt Partners will be
the property manager of the portfolio.
Additionally, HFF worked on behalf of the buyer to place the acquisition
loan.
The portfolio consists of
four, four-story office buildings on both sides of Interstate 75 in western
Miramar, which straddles the border between Miami-Dade and Broward
counties.
The HFF investment sales
team representing the seller was led by senior managing director Hermen Rodriguez, director Ike Ojala and associate director Jorge Portela.
The HFF debt placement
team representing the buyer was led by senior managing directors Paul Stasaitis and Wally Reid and director Chris
Drew.
“These high-quality
suburban office buildings generated much interest among institutional real
estate investors. There is a clear
interest in acquiring Class A office buildings, in submarkets that have a
nearby, well-educated workforce and excellent nearby transportation hubs,” said
Rodriguez.
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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