Keith Braddish, a senior director in the New York office of LJ Melody & Co., and Charles Foschini, his counterpart in the company's local office, arranged the financing from lender, Citigroup Capital Partners. Terms of the loan are undisclosed. Christian Lee, SVP in CBRE's investment properties group here, was the investment sale broker in the transaction.

Meanwhile, Randy Olen, SVP, and Sim Wilson, first VP in CBRE's local office, head the leasing and marketing of the property, which is currently 90% leased. Among the tenants are Quest Diagnostics, Condotte America, Interstate Financial Mortgage, Independent Purchasing Corp., City College, Quintairos, Burger King and McCumber, Prieto & Wood. Wilson says CBRE plans to re-introduce the building to the marketplace following the upgrades. Joann Soman of CBRE's asset services team here will manage the property.

The complex, locate on a 4.6-acre site, was constructed between 1970 and 1973. It contains an eight-story, a seven-story and a two-story office building along with a five-story parking garage. There is a central courtyard with covered walkways between the structures and an outdoor seating and lunch area surrounding a central fountain.

"This assignment further strengthens our overall marketing and leasing efforts in Miami," Olen says. The complex in the Kendall submarket here is near Dadeland Mall and Miami International Airport. Olen tells GlobeSt.com the asking rental rate will vary, depending on location within the three buildings, but range between $22 per sf and $24 per sf.