Coral Gables Office Building Secures $12.5M Refi Package
The asset was 84.1% leased at the time of the transaction.
The asset was 84.1% leased at the time of the transaction.
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.
The new loan replaces a $20 million loan provided by Amerant Bank in 2024.
The lease deal was negotiated by Gordon Messinger of CBRE.
8333 Downtown Doral’s leasing momentum features a mix of new tenants, renewals and expansions.
CBRE’s Christian Lee, Sean Kelly, Tom Rappa and Matthew Lee represented the seller in the transaction.
Previously based in Brickell, the tenant sought a larger footprint and a standalone building within a central business district to accommodate its growing team and evolving operational needs.
The City will occupy 6,870 square feet on the 12th floor, as well as 3,597 square feet on the ground floor, within the 130,000-square-foot building.
The development is planned to include thousands of affordable and workforce housing units, several hundred thousand square feet of retail and office uses, and medical and institutional uses, with an economic impact in the billions of dollars.
He brings more than two decades of institutional experience across leasing, investment and advisory services, having overseen over $4 billion in transactions involving more than 7 million square feet of office assets across Florida’s major markets.
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