CBRE Capital Markets has arranged a $213.25 million loan for One Biscayne Tower on behalf of the sponsor, a joint venture between CP Group, Rialto Capital Management, and Sabal Capital Partners.
One Biscayne Tower is a 38-story, Class A office tower prominently located on Biscayne Bay in Downtown Miami. The property features floor-to-ceiling glass providing stunning, unobstructed bay views unrivaled in the Miami Central Business District.
The sponsor was exclusively represented by Amy Julian and Andrew Chilgren with CBRE Capital Markets’ Debt & Structured Finance.
Future renovations planned by the sponsor include further upgrades to the building lobbies, additional building amenities, a new state-of-the-art conference facility, and continued upgrades to the common areas and restrooms.
“Miami’s Central Business District has experienced unprecedented activity from new-to-market tenants. The exceptional views and comprehensive renovations at One Biscayne Tower will continue to attract Miami’s top tenants and drive leasing momentum,” explained CBRE Senior Vice President Julian.
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