Finance
Tamarac Medical Office Trades in $4M Deal
CRE Florida Partners’ Michael Rauch and Tom Robertson worked on behalf of the seller, while City National Bank of Florida provided $2.9 million in acquisition financing.
Suburban Atlanta Office Portfolio Trades for $47M
TerraCap Management selected Lincoln Property Co. to spearhead leasing efforts, while Crocker Partners will remain in place for property management of the assets.
HFF Brokers Sale of Peninsula Executive Center in Boca Raton
The acquisition marks the buyer’s first major investment in South Florida. HFF assisted the new owner in procuring a $33.5 million mortgage to facilitate the transaction.
CBRE Secures Financing for Silicon Valley Asset
CBRE, on behalf of Vista Investment Group, negotiated a $25.5 million non-recourse loan for Valley Creative Center in San Jose, Calif. The 167,000-square-foot office/R&D campus is located in the heart of Silicon Valley’s Golden Triangle.
South Denver Office Campus Lands $66M Refi
JLL’s Capital Markets negotiated a $66 million loan for the refinancing of a 413,518-square-foot asset in Greenwood Village, Colo. The 10-year term loan features a 4.6 percent fixed interest rate and has a 30-year amortization schedule.
HFF Breathes $75M Into South SF Genesis Project
Phase 3 Real Estate Partners Inc. has secured the loan for the second phase of the life science campus, the construction of the North Tower, a 21-story, 390,000-square-foot building.
Tysons’ 2000 Corporate Ridge Fetches $39M Financing
PCCP arranged the senior loan for the purchase and renovation of the 261,910-square-foot office property. The repositioning will include the addition of a fitness center and multiple modern conference rooms.
Miami-Area Industrial Asset Trades in $8M Deal
Cushman & Wakefield’s experts assisted the seller in the transaction and helped secure acquisition financing on behalf of the buyer, through a loan originated by Starwood Mortgage Capital.
Clearwater Office Park Lands $6M Refi
Grandbridge Real Estate Capital’s Vice President T.J. Ownby arranged the permanent, fixed-rate financing for the three-building complex, known as Belcher Commons.
Greater LA Retail Center Lands $125M Refi
Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community.