Coral Gables Office Building Secures $12.5M Refi Package
The asset was 84.1% leased at the time of the transaction.
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The asset was 84.1% leased at the time of the transaction.
Jose Sasson Lerner and Roberto Susi of AXIOM Capital Advisors represented Seagis in the transaction.
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The leasing assignment will be led by Berger Commercial Realty’s industrial brokerage team, including Keith R. Graves, CCIM, SIOR; Jonathan Thiel; Daniel Forman; and Lawrence Oxenberg.
The portfolio totals 354,336 square feet and includes eight buildings.
The 8-story tower features 25,000-square-foot floorplates, a 10,000-square-foot fine-dining restaurant, and an exclusive tenant-only rooftop patio.
Elias G. Patsalos, CCIM, MSIRE, President/Broker with Agora Real Estate Group, represented both the buyer and seller in the transaction.
The assets total 197,608 square feet.
The office expansion follows the company’s launch of a commercial real estate investment fund targeting $100 million to acquire and develop early childhood education properties nationwide.
With nearly 33,000 square feet in a highly competitive submarket, the property offers Longpoint Partners a foothold in one of the region’s most sought-after industrial areas.
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