Aztec Group Arranges $12.5 Million In Financing For South Florida Retail Portfolio
The portfolio includes four shopping centers located in Miami-Dade, Broward and Palm Beach counties.
The portfolio includes four shopping centers located in Miami-Dade, Broward and Palm Beach counties.
The facility is a 100% climate-controlled, 4-story self-storage building consisting of approximately 1,116 storage units or 100,250 rentable square feet inclusive of 2,420 square-foot freestanding commercial space.
Asking rents range from $65 to $70 per square foot. Leasing is being led by Ed Schmidt and Robert Eckstein of NAI Miami/Ft. Lauderdale.
The 4-story self-storage building consisting of approximately 749 storage units or 72,920 rentable square feet was developed by the Feldman Companies in 2024.
Aztec Group’s Howard Taft sourced and structured the bridge financing for Elevate Apartments in Dania Beach.
The project will consist of a mixed-use retail and office, restaurant outparcels, a daycare and early learning center, as well as a 3-level parking garage.
Aztec Group ran a broad process and received proposals for the financing of 25 Mirage from banks, life insurance companies, Fannie Mae and Freddie Mac. The financing was awarded to Ocean Bank.
The shopping center recently underwent a complete redevelopment which included an expansion of Publix from 36,464 square feet to 46,811 square feet.
The loan was provided by MetLife and provides for full-term interest-only and a 36 month term.
Tamarac Village boasts 401 units across approximately 421,000 rentable square feet on 12.7 acres.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
