The Easton Group Secures $20 Million Refinancing For Doral Office Building
The Easton Group secured a $20 million loan to refinance an 8-story office building at 8600 NW 36th Street in Doral.
The permanent financing provided by City National Bank paid off a bridge loan that Easton used to acquire the Offices at Doral Square for $28.5 million in December 2023.
“Since buying this asset, leasing activity has been better than expected giving us an opportunity to secure long-term debt with more favorable terms,” said Andrew Easton, vice president of The Easton Group’s office division.
In May, the real estate firm announced three new leases at the 141,246-square-foot building, equating to about 10% of the total rental space. Those leases included:
- Grupo Eulen, a global company that offers facility management and airline services, leased 6,026 square feet;
- Vanderweil Engineers, one of the U.S.’s largest independently owned engineering firms, took 5,160 square feet;
- and mortgage firm Trust Lending leased 3,015 square feet.
The Offices at Doral was built in 1984 and underwent a $10 million facelift by the previous owner.
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