{"id":1004173106,"date":"2017-04-19T05:58:58","date_gmt":"2017-04-19T13:58:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004173106"},"modified":"2022-12-09T02:01:54","modified_gmt":"2022-12-09T10:01:54","slug":"cbre-arranges-construction-loan-for-florida-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-construction-loan-for-florida-retail-center\/","title":{"rendered":"CBRE Arranges Construction Loan for Florida Retail Center"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004173109\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004173109\" data-attachment-id=\"1004173109\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-construction-loan-for-florida-retail-center\/ktc-rendering\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png\" data-orig-size=\"1084,524\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Kendall Town Center Rendering\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Kendall Town Center Rendering&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png?w=1024\" loading=\"lazy\" class=\"wp-image-1004173109 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png\" alt=\"The Pointe at Kendall Town Center Rendering\" width=\"300\" height=\"145\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png 1084w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png?resize=300,145 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png?resize=768,371 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/KTC-Rendering.png?resize=1024,495 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004173109\" class=\"wp-caption-text\">The Pointe at Kendall Town Center in West Kendall, rendering<\/p><\/div>\n<p>CBRE Capital Markets\u2019 Debt &amp; Structured Finance team secured a $16 million construction loan for the development of a 53,185-square-foot retail center in West Kendall, Fla., dubbed The Pointe at Kendall Town Center.<\/p>\n<p>Vice Chairman Christian Lee, Vice President Amy Julian and Senior Vice President Jos\u00e9 Lob\u00f3n worked on behalf of the developer to arrange the financing. Gertz Builders and Developers Inc. is a third generation, family-owned and operated firm. Branch Banking and Trust Co. provided the financing.<\/p>\n<p>The Pointe at Kendall Town Center will consist of seven single-tenant buildings, ranging from 3,200 to 7,200 square feet, and a multi-tenant building totaling 14,000 square feet.<\/p>\n<p><em>\u201cThe Kendall retail submarket is thriving with a 97 percent occupancy rate,\u201d<\/em> said Julian in a prepared statement. <em>\u201cThe Pointe at Kendall Town Center has completed remarkable pre-leasing and has a tremendous interest list for the project. With BB&amp;T\u2019s loan in place, the sponsor is excited to kick off this project and bring new restaurant and retail amenities to this thriving community.\u201d<\/em><\/p>\n<p>The property is in the dense, family-oriented West Kendall community in Miami-Dade County. It is located at the southwest corner of North Kendall Drive (S.W. 88<sup>th<\/sup> St.) and S.E.\u00a0162<sup>nd<\/sup> Ave. The immediate area is currently under residential development with more than 1,500 units added since 2014 within 1 mile of the property.<\/p>\n<p>CBRE previously worked with Gertz Builders and Developers on the <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-340000sf-southern-palm-crossing-retail-center-sale-in-miami-metro\/\">sale of Southern Palm Crossing Retail Center<\/a>\u00a0in Royal Palm Beach, Fla.<\/p>\n<p><em>Rendering courtesy of\u00a0Gertz Builders and Developers Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company secured financing on behalf of Gertz Builders and Developers Inc., with Branch Banking &amp; Trust providing the $16 million loan.<\/p>\n","protected":false},"author":240,"featured_media":1004173109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21825,1492,21742,21749],"tags":[35048,35050,35046,35047,35045,35049],"class_list":["post-1004173106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-finance","category-miami","category-latest","category-retail","tag-amy-julian","tag-branch-banking-and-trust-company","tag-cbre-capital-markets","tag-christian-lee","tag-gertz-builders-and-developers","tag-jose-lobon"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE Arranges Construction Loan for Florida Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-construction-loan-for-florida-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Construction Loan for Florida Retail Center\" \/>\n<meta property=\"og:description\" content=\"The company secured financing on behalf of Gertz Builders and Developers Inc., with Branch Banking &amp; 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