Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $25.2 million loan for the refinancing of Dadeland Centre II, a 113,691-square-foot, Class A office property in Miami, Florida. Working on behalf of the borrower, The Green Companies, HFF placed the 10-year, fixed-rate loan through New York Life Real Estate Investors. HFF arranged refinancing for Dadeland Center I, an adjacent building controlled by the same owner, earlier in 2015. Dadeland Centre II is located at 9150 South Dadeland Boulevard, within walking distance of the Dadeland South Miami Metrorail station, which provides access to downtown Miami and the greater Miami area including Coral Gables, Brickell Financial District and the Miami International Airport. The property is highly accessible and visible from the Palmetto Expressway, US-1, Dadeland Mall and the Baptist Health Cancer Facility. Completed in 2008, Dadeland Centre II features hurricane resistant glass, 250 covered parking spaces and superior accessibility via its location in walking distance of Miamis Metrorail. The property is 84 percent leased to tenants including Cole, Scott & Kissane and Credomatic of Florida. Dadeland Centre II, like its sister property, represents a best in class location within the Dadeland submarket and its close proximity to executive housing as well as mass transit, resulted in very favorable debt capital interest, said Stasaitis. The HFF debt placement team representing the borrower was led by senior managing director Paul Stasaitis and associate director Jose Carrazana.
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