Ocean Bank Finances $41.4M Purchase Of Doral Office Buildings

Ocean Bank provided $41.4 million to COFE Westside Plaza LLC for the purchase of two multi-tenant office buildings in Doral.

The newly renovated four-story buildings, Westside Plaza II and III are located at 8200 and 8300 NW 33^rd Street, totaling 276,637 square feet on 13 acres.  Amenities include a conference center, a tenant lounge, fitness center, and a grab-and-go café.

The buildings have 36 commercial tenants, including Guidewell Sanitas, US Med, LLC, Inktel Contact Center Solutions, Venture X and PR Global Reservations LLC.

“COFE Managing Partners Eugenio Cosculluela and Mario Fernandez are valued clients of Ocean Bank, and we are excited to support them in their latest venture,” said Eddie Diaz, Executive Vice President and Head of Corporate Banking.

Founded in 2001 by Mario Fernandez and Eugenio Cosculluela, COFE Properties is a privately held real estate investment firm headquartered in Miami, with regional offices in Atlanta, Dallas and Houston, Texas. COFE has a proven track record of acquiring well located, multi-tenant assets and generating attractive returns and is committed to providing enhanced returns to their investors by acquiring income producing properties located throughout urban markets.   COFE’s capabilities include investment, acquisition, asset management, and property management.

Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.