{"id":1004461555,"date":"2020-07-08T01:02:45","date_gmt":"2020-07-08T09:02:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004461555"},"modified":"2025-02-26T03:15:21","modified_gmt":"2025-02-26T11:15:21","slug":"cbre-closes-miami-area-retail-asset-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-closes-miami-area-retail-asset-refi\/","title":{"rendered":"CBRE Closes Miami-Area Retail Asset Refi"},"content":{"rendered":"<div id=\"attachment_1004461564\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/19905-19925-Biscayne-Blvd-e1594193378980.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004461564\" data-attachment-id=\"1004461564\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-closes-miami-area-retail-asset-refi\/19905-19925-biscayne-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/19905-19925-Biscayne-Blvd-e1594193378980.jpg\" data-orig-size=\"726,545\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Sergiu Inizian&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1594204060&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=\"19905 &#8211; 19925 Biscayne Blvd\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;19905 &#8211; 19925 Biscayne Blvd. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/19905-19925-Biscayne-Blvd-e1594193378980.jpg?w=726\" class=\"wp-image-1004461564 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/19905-19925-Biscayne-Blvd-e1594193378980.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/19905-19925-Biscayne-Blvd-e1594193378980.jpg 726w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/19905-19925-Biscayne-Blvd-e1594193378980.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004461564\" class=\"wp-caption-text\">19905 &#8211; 19925 Biscayne Blvd. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>CBRE has arranged the $7 million refinancing of a 78,486-square-foot retail center in Aventura, Fla. Senior Vice President Paul Ahmed and Financial Analyst Mackenzie Fry represented the owner, Triarch Capital Group, and Correspondent Life Insurance Co. provided the 10-year loan.&nbsp;<\/p>\n<p>The property came online in 1994 and later expanded in 2015. The fully occupied center is anchored by Total Wine &amp; More and Stein Mart. Other tenants include Chili&#8217;s and Roche Bobois, among others.<\/p>\n<p>Located at 19905-19925 Biscayne Blvd., the property is within 2 miles of Interstate 95 in a dense retail area a quarter mile from Simon&#8217;s and Turnberry Associates&#8217; 2.8 million-square-foot Aventura Mall.&nbsp;The asset is also adjacent to&nbsp;Mt. Sinai Medical Center. Downtown Miami is less than 20 miles south.<\/p>\n<p>In May,&nbsp;Ahmed and Fry arranged an refinancing deal for Triarch&#8217;s&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/triarch-capital-lands-35m-refi-for-miami-area-asset\/\">137,000-square-foot office building<\/a> half a mile south of the retail property. Nationwide Life Insurance Co. provided the 10-year, $35 million loan.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in&nbsp;<\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em>&nbsp;or send your deal to&nbsp;<\/em><a href=\"mailto:deals@cpe-mhn.com\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senior Vice President Paul Ahmed and Financial Analyst Mackenzie Fry represented the owner, Triarch Capital Group.<\/p>\n","protected":false},"author":868,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1492,21742,21749],"tags":[32789,33048,38918],"class_list":["post-1004461555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-miami","category-latest","category-retail","tag-cbre","tag-paul-ahmed","tag-triarch-capital-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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