Pembroke Pines Medical Office Complex Gets $22 Million In Refinancing
Paul Ahmed and Mackenzie Lampman with CBRE Capital Markets worked on behalf of the borrower, a private investor, to arrange a seven-year, fixed-rate loan from Bank United.
Paul Ahmed and Mackenzie Lampman with CBRE Capital Markets worked on behalf of the borrower, a private investor, to arrange a seven-year, fixed-rate loan from Bank United.
The 1972-built boutique office building is situated on .37 acres of land.
The seller achieved 25% asset appreciation in 14 months with a strategic value-add plan.
1801 Building is now 97% occupied following the latest transactions; Infinity Sales Group moves into the company’s Park at Broken Sound building.
New ownership plans to spend north of $10 million in capital improvements to the property throughout 2022, including renovations to the lobby areas, corridors, and restrooms of Tower I, II and III. Additionally, they will be enhancing tenant amenities with a conference center, lounge, and state-of-the-art gym.
Here are the most popular news headlines this past week on CRE-sources.
The lease brings Miami’s MedSquare Place to full occupancy prior to delivery.
Scott Goldstein, Keith Edelman and John Nugent with CBRE represented Aon in the lease negotiations.
He will join the firm’s Miami-based Office Agency Leasing team consisting of Brian Gale, Andrew Trench, Ryan Holtzman, Jeannette Mendoza and Lena Weeks.
Here are the most popular news headlines this past week on CRE-sources.
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