MIAMI-Owners of the 42,341-sf Babies ‘R Us building at 15625 North Kendall Dr. have received $5.375 million in permanent financing for the property.

Constructed in 1996, the single-tenant building is situated on 3.03 acres and stands alone as part of a larger shopping center. The fixed-rate loan, provided by a US-based lender, has a 10-year term. “The new permanent, fixed-rate loan was used to pay off the maturing original loan placed on the property shortly after it was constructed in 1996,” says Jason Shapiro, managing director of locally based Aztec Group. Shapiro represented the borrower.

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