{"id":1004345222,"date":"2019-08-12T00:43:03","date_gmt":"2019-08-12T08:43:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004345222"},"modified":"2024-07-24T11:51:55","modified_gmt":"2024-07-24T19:51:55","slug":"miami-office-project-secures-300m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-office-project-secures-300m-loan\/","title":{"rendered":"Miami Office Project Secures $300M Loan"},"content":{"rendered":"
\"\"<\/a>

(Left to right) Vladislav Doronin, Chairman & CEO, OKO Group, and Jonathan Goldstein, CEO, Cain International. Image courtesy of OKO Group and Cain International<\/em><\/p><\/div>\n

OKO Group and Cain International landed a $300 million construction loan for 830 Brickell, a 1 million-square-foot office development in Miami’s financial district. The joint venture’s latest project is expected to be completed in the first quarter of 2022.<\/p>\n

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READ ALSO:<\/strong>\u00a0Exploring South Florida\u2019s Flexible Office Sector<\/a><\/p>\n

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JLL arranged the financing, which was originated by MSD Partners.<\/p>\n

Designed by Adrian Smith + Gordon Gill, the property is located at 830 S.E. First Ave. The 56-story tower will feature more than 490,000 square feet of office space, ground-floor retail, a rooftop restaurant on level 53 and a total of 583 parking spaces.<\/p>\n

The Class A project has already attracted tenants, with WeWork signing a 146,000-square-foot lease across 10 floors in January. The coworking giant operates eight locations in Miami and its latest lease is expected to be the largest one in the area.<\/p>\n

The property will be the second-tallest building in Miami after Southeast Financial Center,\u00a0the\u00a0tallest and largest office tower in Florida.\u00a0In June, WeWork signed on for 89,300 square feet<\/a> lease at Southeast Financial Center.<\/p>\n

A history of working together<\/h2>\n

This is OKO and Cain\u2019s fourth development together. The companies also partnered in developing the nearby 47-story residential tower dubbed Una Residences in South Brickell and Missoni Baia, a 57-story condo in Miami<\/a>\u2019s East Edgewater neighborhood. Cain International also secured more than $284 million in financing for Aman Group, a partner of OKO Group, for the construction of Aman New York, an 83-key hotel with 21 residences at the corner of Fifth Avenue and 57th Street in Manhattan.<\/p>\n

The JLL team of Managing Director Scott Aiese, Senior Director Scott Wadler, Director Jesse Wright and Associate Alex Staikos represented the developers of 830 Brickell, while HFF originated the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL Capital Markets worked on behalf of developers OKO Group and Cain International. Named 830 Brickell, the project is slated for a 2022 completion.<\/p>\n","protected":false},"author":883,"featured_media":1004345228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21825,1492,21742,21747],"tags":[42461,32792,44006,46619,44549,33678],"class_list":["post-1004345222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-finance","category-miami","category-latest","category-office","tag-coworking","tag-hff","tag-jll-capital-markets","tag-oko-group","tag-scott-wadler","tag-wework"],"acf":[],"yoast_head":"\nMiami Office Project Secures $300M Loan - 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\/miami-office-project-secures-300m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Office Project Secures $300M Loan\" \/>\n<meta property=\"og:description\" content=\"JLL Capital Markets worked on behalf of developers OKO Group and Cain International. 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