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REFINANCED:an eight-story office building
at 8600 NW 36th Street in Doral, FL
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Doral, FL — The Easton Group secured a $20 million loan to refinance an 8-story office building at 8600 NW 36th Street in Doral.
The permanent financing provided by City National Bank paid off a bridge loan that Easton used to acquire the Offices at Doral Square for $28.5 million in December 2023.
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| Andrew Easton |
“Since buying this asset, leasing activity has been better than expected giving us an opportunity to secure long-term debt with more favorable terms.” said Andrew Easton, vice president of The Easton Group’s office division.
In May, the real estate
firm announced three new leases at the 141,246-square-foot building, equating
to about 10% of the total rental space. Grupo Eulen, a global company that offers
facility management and airline services, leased 6,026 square feet;
Vanderweil Engineers, one of the U.S.'s largest
independently owned engineering firms, took 5,160 square feet; and mortgage
firm Trust Lending leased 3,015 square
feet.
The Offices at Doral,
located in the heart of the city, was built in 1984 and underwent a $10 million
facelift by the previous owner.
Edward W. Easton
About The Easton Group:
The Easton Group is a family-owned commercial real estate firm with three generations of Eastons working in the business.. Chairman Edward W. Easton founded the company 50 years ago, and today it controls a portfolio of approximately five-million square feet in Miami-Dade County.
Contact:
Todd Templin
Executive Vice President
BoardroomPR
O 954-370-8999
C 954-290-0810
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