Colliers Arranges 21,000 SF Office Lease At 550 Biltmore
Colliers’ Vice President Jake Freeman and Senior Vice President Maggie Kurtz represented the landlord in securing the lease.
Colliers’ Vice President Jake Freeman and Senior Vice President Maggie Kurtz represented the landlord in securing the lease.
The company is a fintech-driven commercial lending platform that provides customized financing solutions to small and medium-sized businesses across the United States.
Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
In addition to the office lease, the new tenant will also open a 5,916-square-foot ground-floor restaurant at the property.
Ocean Bank provided $28 million. Senior Vice President Jesus Garcia arranged the loan.
Newmark Senior Managing Director Jeremy Hakala and Managing Director Matt Himmelsbach are the listing agents for the project.
The litigation and appellate firm originally signed its lease in the tower in 1996 and is the building’s longest-running tenant.
The 6.6 acre property is positioned for a large-scale mixed-use development that also allows for the development of up to 6,602 residential units across residential, office, hotel, and retail.
The mixed-use tower is planned to total about 1.6 million square feet, with completion targeted for 2029.
Alex Zylberglait of Marcus & Millichap represented the seller, a private overseas group, and procured the buyer, a local private operator.
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