Site Near Dadeland's Town Center One Gets $17.2 Million Refinancing

A 71,888-square-foot mixed-use property on the same parcel as Town Center One and across from the Dadeland Mall in Miami has received $17.2 million in financing arranged by HFF.
The property is located on 4.3 acres at 7400 and 7440 North Kendall Drive and includes a 71,888-square-foot medical office building and a 24,999-square-foot retail building.
HFF worked on behalf of Dayco Development Company to secure the loan through Ladder Capital. HFF’s team was led by Manny de Zarraga, Chris Drew and Jorge Portela.
“We continue to see significant demand from lenders for assets located in densely populated in-fill locations, with high barriers to entry,” Drew said.
 
Source:  The Real Deal

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