{"id":1004210602,"date":"2018-03-20T06:54:03","date_gmt":"2018-03-20T14:54:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210602"},"modified":"2022-12-09T01:51:54","modified_gmt":"2022-12-09T09:51:54","slug":"ta-realty-lands-48m-loan-for-doral-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ta-realty-lands-48m-loan-for-doral-office-asset\/","title":{"rendered":"TA Realty Lands $48M Loan for Doral Office Asset"},"content":{"rendered":"

By Timea Papp<\/p>\n

\"One<\/a>

One Park Square<\/p><\/div>\n

CBRE has arranged a $48.1 million mortgage for the financing of One Park Square, a Class A+, 281,786-square-foot office building in downtown Doral, Fla. Guardian Life Insurance Co. provided the long-term, fixed-rate loan.<\/p>\n

The advisory team secured the\u00a0financing on behalf of new owner TA Realty, according to Yardi Matrix. The real estate firm acquired the 11-story asset<\/a> from New Boston Fund for $96.1 million in September 2017. Located at 3470 N.W. 82nd<\/sup> Ave., One Park Square was built in 2010 and features six stories of office space, five stories of parking and 49,942 square feet of ground-floor retail space.<\/p>\n

Strong tenant base<\/h2>\n

The building is 90 percent leased to a diverse group of tenants representing industries such as travel, technology, marketing and entertainment, health care and logistics. Notable tenants include Amadeus North America, Accor Hotels and L\u2019eudine Global.<\/p>\n

CBRE\u2019s South Florida Capital Markets team consisted of Vice Presidents Amy Julian and Jos\u00e9 Lob\u00f3n and Vice Chairman Christian Lee. Additionally, the team members were involved in the 2017 sale of the asset.<\/p>\n

\u201cThe property\u2019s striking features and thriving location in the heart of the rapidly urbanizing City of Doral, combined with an incredibly strong institutional sponsor, resulted in a number of competitive financing options. Guardian\u2019s ability to offer desirable prepayment flexibility while maintaining a very competitive interest rate helped them win the opportunity,\u201d<\/em> Julian said in a prepared statement.<\/p>\n

Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Following the purchase of One Park Square in October 2017, the new owner secured a long-term, fixed-rate mortgage through Guardian Life Insurance Co.<\/p>\n","protected":false},"author":240,"featured_media":1004192047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,1492,21742,21747],"tags":[35048,32789,35047,34982,35049,32822],"class_list":["post-1004210602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-miami","category-latest","category-office","tag-amy-julian","tag-cbre","tag-christian-lee","tag-guardian-life-insurance-company","tag-jose-lobon","tag-ta-realty"],"acf":[],"yoast_head":"\nTA Realty Lands $48M Loan for Doral Office Asset - 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\/ta-realty-lands-48m-loan-for-doral-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TA Realty Lands $48M Loan for Doral Office Asset\" \/>\n<meta property=\"og:description\" content=\"Following the purchase of One Park Square in October 2017, the new owner secured a long-term, fixed-rate mortgage through Guardian Life Insurance Co.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ta-realty-lands-48m-loan-for-doral-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-20T14:54:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:51:54+00:00\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/CBRE_030817_0727-1.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ta-realty-lands-48m-loan-for-doral-office-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ta-realty-lands-48m-loan-for-doral-office-asset\\\/\"},\"author\":{\"name\":\"Timea-Erika Papp\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"headline\":\"TA Realty Lands $48M Loan for Doral Office Asset\",\"datePublished\":\"2018-03-20T14:54:03+00:00\",\"dateModified\":\"2022-12-09T09:51:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ta-realty-lands-48m-loan-for-doral-office-asset\\\/\"},\"wordCount\":253,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ta-realty-lands-48m-loan-for-doral-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/09\\\/CBRE_030817_0727-1.jpg\",\"keywords\":[\"Amy Julian\",\"CBRE\",\"Christian Lee\",\"Guardian Life Insurance Company\",\"Jose Lobon\",\"TA Realty\"],\"articleSection\":[\"Deals\",\"Finance\",\"Miami\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ta-realty-lands-48m-loan-for-doral-office-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ta-realty-lands-48m-loan-for-doral-office-asset\\\/\",\"name\":\"TA Realty Lands $48M Loan for Doral Office Asset - 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