$413M Construction Financing Secured For Brickell Mixed-Use Development
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The portfolio consists of seven fully leased industrial properties totalling 787,728 square feet.
JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.
Codina Partners previously co-owned Tower One with Invesco, while solely owning Tower Two.
The transaction marks the highest value attributed to a freestanding restaurant property in Florida’s history, showcasing the demand for irreplaceable assets in Miami’s exclusive South of Fifth neighborhood.
The portfolio totals 495,674 square feet.
Situated on 15 acres, the facility offers a 30-foot clear height, 29 loading docks, 236 parking spaces and 116,000 square feet of freezer space.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Paul Stasaitis and Associate Maddy McMillen.
He will oversee daily brokerage operations, including recruiting, hiring, training and developing agents and staff.
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
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.