Stiles, Shorenstein Nail Down $185M Refi for Trophy Tower

January 13, 2026

Finance Featured Miami News More Office Southeast

JLL Capital Markets arranged the financing for a South Florida office building.

A joint venture between Stiles and Shorenstein Investment Advisors has received $185 million in financing for The Main, a 25-story, 387,400-square-foot trophy office tower in downtown Fort Lauderdale, Fla.

The Main, a 25-story trophy office tower in downtown Fort Lauderdale, Fla. *Image courtesy of JLL Capital Markets*

JLL Capital Markets arranged the floating-rate senior loan with Nomura. JLL’s Debt Advisory Capital Markets team representing the borrower was led by Senior Managing Director Paul Stasaitis, Managing Director Geoff Goldstein and Associate Blake Koletic.

Nomura did not reply to Commercial Property Executive’s request for additional information.

The Main, also known as The Main Las Olas, is at 201 E. Las Olas Blvd. in downtown Fort Lauderdale. Delivered in 2020, the building is LEED Gold certified and features 14-foot slab-to-slab floors and 12-foot floor-to-ceiling glass. Consistent with current office building trends, the Class A+ property’s amenity package includes secured VIP parking, a large conference center, a fitness center with locker rooms, an apartment-style amenity deck and covered terrace, tenant lounges and on-site restaurants including Moxie’s and Fogo de Chao.

The building reportedly was fully leased within two years of delivery and remains fully occupied today, with a tenant roster of national financial institutions, leading law firms and corporate headquarters, including JPMorgan Chase and Raymond James.

Mass timber makes its entry into Fort Lauderdale

Overall vacancy in the Fort Lauderdale office market was 15.8 percent at the end of 2025, almost the same as it had been at the start of the year, according to a fourth-quarter report from JLL. Fortunately, only two office buildings are under construction currently.

Even better, direct asking rents continue to rise and were averaging $49.52 per square foot full-service gross at year-end, a 9.4 percent year-over-year increase, JLL reported.

Just last month, CPE interviewed Urban Street Development Co-Founder Alan Hooper and Hines Managing Director Alan Kennedy about T3 FAT Village, which is both a key part of the $500 million FAT (Food, Art and Technology) Village master-planned development and Fort Lauderdale’s first mass-timber office building. The six-story, 180,000-square-foot structure recently topped out and is scheduled for delivery later this year.