Ocean Bank Finances $41.4M Purchase Of Doral Office Buildings
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
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Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
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.
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.
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