Sunday, September 6, 2015

HFF closes sale of and arranges financing for four-property Class A office portfolio in Miramar, FL


 
Hermen Rodrguez
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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