Ocean Bank Finances $41.4M Purchase Of Doral Office Buildings
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
The move, the Chicago-based firm says, reflects the evolution of its business and operating platform after 25 years.
The mixed-use building is now fully leased.
Originally acquired in 2021, the campus was repositioned through a multi-year strategy to concentrate tenancy, enhance the office assets and unlock a portion of the site for residential development, enabling two distinct paths for value creation.
To accommodate the new tenant, Terreno also reached an agreement for the previous occupant to vacate ahead of its original August 31, 2026 lease expiration.
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.
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