$114 Million HUD Financing Secured For Luxury Apartment Tower In Miami
JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Jesse Wright and Director Joshua Odessky.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Jesse Wright and Director Joshua Odessky.
The portfolio consists of six buildings constructed between 1981 and 1982 on 7.66 acres.
The two fully leased Class A buildings total 312,834 square feet.
The 92,089-square-foot retail center is 100% leased and anchored by Milam’s Market, Walgreens, Orion Fuels and Ace Hardware.
The 211,547-square-foot industrial facility is situated on 12.71 acres.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Director Danny Finkle, Senior Director Jorge Portela and Vice President Kim Flores.
The strategically located site sits adjacent to Miami Executive Airport, just three miles from the Florida Turnpike in the heart of Miami-Dade County’s thriving industrial corridor.
Completed in 2023, Osprey Logistics Park consists of two state-of-the-art industrial buildings featuring 36-foot clear heights, 180-foot truck courts, 235-foot building depths and 54-foot column spacing.
The four properties total 127,826 square feet and were purchased between 2018 and 2020 for a combined total of $28,900,000.
Rivr Lofts, completed in November 2024 and currently 65% leased, offers a mix of studios, one- and two-bedroom residences averaging 649 square feet across 231,113 rentable square feet.
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