Rose & Berg Realty Lands $113M Refi for Miami Asset

A10 Capital provided the loan in a deal arranged by Berkadia.

Gateway at Wynwood. Image courtesy of Berkadia

Gateway at Wynwood. Image courtesy of Berkadia

Rose & Berg Realty Group has received a $113 million loan for the refinancing of Gateway at Wynwood, a 220,000-square-foot office and retail building in Miami.

Berkadia’s Senior Managing Director Charles Foschini, Associate Director Robert Iudice and Managing Director Christopher Apone arranged the financing on behalf of the owner. A10 Capital provided the three-year loan. In 2020, Berkadia secured the $76 million construction loan originated by 3650 REIT.

Gateway at Wynwood was designed by architect Kopi Karp and is LEED Gold Certified. The property features approximately 27,700 square feet of office space on each floor and 24,000 square feet of retail space, as well as a private rooftop and 512 parking spaces.

The Class A building sits on a 1.1-acre site acquired by R&B Group in 2016. The company demolished the industrial buildings and completed the construction of the new building last year. Tenants at the property include OpenStore, Veru and BoConcept.

Gateway at Wynwood is located at 2616 N. Miami Ave., near Miami’s Wynwood Arts District. The development is close to downtown Miami and provides easy access to Interstate 95 and Interstate 195. An abundance of dining options, entertainment venues and retail centers are located in the area. The building has a central location, providing immediate access to a residential area. Miami International Airport is within 6.7 miles from the building.

Recently, Vice President Michael Basinski and Managing Director Scott Wadler from Berkadia arranged a $215 million construction loan for a 1 million-square-foot mixed-use campus in the Wynwood Arts District. The project will feature a Class A office tower, retail space and residential offerings.

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