Aztec Group Arranges $25 Million In Financing For Publix-Anchored Retail Center

Aztec Group‘s Howard Taft sourced and structured $25 million in permanent financing for Crossings Shopping Village in the Kendall submarket of Miami.

Crossings Shopping Village is a 129,483 square foot neighborhood shopping center located at 12955 SW 112th Street. The property is anchored by Publix, CVS, Five Below, and YouFit.

The shopping center recently underwent a complete redevelopment which included an expansion of Publix from 36,464 square feet to 46,811 square feet, a new Publix Liquor Store, new roofs, canopies, facade, parking field, lighting and signage.

Aztec previously facilitated the construction financing for the redevelopment of Crossings Shopping Village in 2022.

“Grocery-anchored shopping centers continue to garner interest from a broad array of lenders in the market.” explained Taft, Senior Managing Director at Aztec Group.

The borrower is an affiliate of Miami-based CF Properties, led by Michael and Spencer Friedman. The permanent loan was provided by a regional bank.

“This was a highly structured transaction where we carefully arranged terms that fit our client’s needs” Taft added.

Aztec’s team remains active, facilitating permanent financing, bridge and construction loans in addition to joint venture equity.