DORAL, FL—An affiliate of Hines U.S. Office Value AddedFund II has secured $26.7 million in financing fromTD Bank, NA for its Doral CorporateCenter office property here.
The transaction was announced by Cushman &Wakefield, which served as the exclusive advisor to Hinesand arranged the senior mortgage loan that is secured by thetwo-building, 280,000-square-foot Class A office complex located onthe southwest corner of Doral Boulevard and NW 87th Ave.
The new loan is for approximately $26.7 million, of whichapproximately $23.8 million was funded at closing and more than$2.9 million will be available to fund future leasing costs,Cushman officials report.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
