Ocean Bank Finances $41.4M Purchase Of Doral Office Buildings
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
Senior Vice Presidents Juan Mendiola and Federico Tunnerman arranged the loan for Ocean Bank.
Originally acquired in 2021, the campus was repositioned through a multi-year strategy to concentrate tenancy, enhance the office assets and unlock a portion of the site for residential development, enabling two distinct paths for value creation.
Completion of a series of capital improvements at the 365,000-square-foot Class A office building contributed to the attraction of new office tenants.
The JLL brokerage team of Managing Directors Steven Hurwitz and Doug Okun and associate Madeline Fine are spearheading the office leasing at the property.
The office park last sold in 1996 for $15,875,000.
He will lead development and investment activity in South Florida in his new role. CLICK ON THE HEADLINE FOR MORE
The acquisition places Cushman & Wakefield as the No. 3 property management firm in Florida. CLICK ON THE HEADLINE FOR MORE
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