{"id":1004795080,"date":"2026-04-14T03:41:35","date_gmt":"2026-04-14T11:41:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004795080"},"modified":"2026-04-15T12:25:03","modified_gmt":"2026-04-15T20:25:03","slug":"blackstone-unit-secures-154m-for-miami-office-towers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-unit-secures-154m-for-miami-office-towers\/","title":{"rendered":"Blackstone Unit Secures $154M for Miami Office Towers"},"content":{"rendered":"\n<p>Blackstone&#8217;s Perform Properties has obtained a $154 million loan to refinance 2 and 3 MiamiCentral, two Class A office towers totaling about 339,000 square feet in downtown Miami. CIM Real Estate Debt Solutions provided the financing on behalf of a CIM-managed fund, in a deal arranged by Eastdil Secured.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/3-MiamiCentral.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004795112\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstone-unit-secures-154m-for-miami-office-towers\/3-miamicentral-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/3-MiamiCentral.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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=\"3 MiamiCentral\" data-image-description=\"&lt;p&gt;image from the Yardi Matrix database&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 12-story 3 MiamiCentral came online in 2018. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/3-MiamiCentral.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/3-MiamiCentral.jpg\" alt=\"exterior shot of 3 MiamiCentral\" class=\"wp-image-1004795112\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/3-MiamiCentral.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/3-MiamiCentral.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The 12-story 3 MiamiCentral came online in 2018. <br><em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>In 2021, funds managed by <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-expands-in-miami-with-230m-office-buy\/\">Blackstone Real Estate acquired the assets<\/a> from Shorenstein Properties for $230 million. The same year, the buildings became subject to a $159.1 million CMBS loan originated by Natixis, according to Yardi Matrix information.<\/p>\n\n\n\n<p>The 17-story 2 MiamiCentral has about 196,000 rentable square feet of office space and 5,000 square feet of amenities. The 12-story 3 MiamiCentral includes about 105,000 rentable square feet of office space, 33,000 square feet of retail and 1,357 parking spaces. The two buildings came online in 2018.<\/p>\n\n\n\n<p>Shared amenities include wellness and fitness facilities, an outdoor roof deck, private work lounges and conferencing space, along with concierge services, valet parking and secure garage access.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-office-market-update\/\">Miami\u2019s Office Market Sent Mixed Signals in 2025<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Sited at 700 NW MiamiCentral Ave. and 161 NW Sixth St., respectively, 2 and 3 MiamiCentral are part of the MiamiCentral mixed-use development. The 3 million-square-foot property also includes a Publix supermarket, Starbucks, Chick-fil-A, an approximately 18,000-square-foot food hall and more than 800 luxury residential units.<\/p>\n\n\n\n<p>The campus is adjacent to MiamiCentral Station, a major regional transit hub with access to Brightline, Tri-Rail, Metrorail, Metromover and Metrobus services. The location is also near interstates 95 and 395, with proximity to the Brickell Financial District, Miami Beach, Midtown, Wynwood and the Design District.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-not-so-much-fun-downtown\">Not so much fun downtown<\/h2>\n\n\n\n<p>An overall availability of 20.8 percent puts the downtown Miami office market in an unfortunate position with respect to other Miami submarkets; only Wynwood\u2013Design District has a higher availability, according to a first-quarter report from Savills. By comparison, the figure for metro Miami overall is 15.3 percent.<\/p>\n\n\n\n<p>Further, Savills expects that office tenant demand will \u201cincreasingly favor lower-cost suburban submarkets such as Coral Gables and Airport West.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buildings are part of a 3 million-square-foot campus.<\/p>\n","protected":false},"author":882,"featured_media":1004795112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1492,21742,21747,32781],"tags":[32892,33194,35826,33101,52772,33448],"class_list":["post-1004795080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-miami","category-latest","category-office","category-southeast","tag-blackstone","tag-cim-group","tag-cmbs","tag-eastdil-secured","tag-perform-properties","tag-shorenstein-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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