MIAMI—As Miami's office market continues to recover, DadelandWest Executive Park just got refinanced. Starwood MortgageCapital provided the partial interest-only, 10-year $14million loan, at an aggressive interest rate.


CBRE Debt & Structured Finance originatedthe loan on behalf of The Green Companies torefinance six office buildings within the park.The park is located 10625-10691 North Kendall Drive in Miami,FL.


“The assets within this prime executive office community haveenjoyed high historical tenant retention ratios and exceptionaloccupancy,” says Charles J. Foschini, CBRE vicechairman. “This loan offers our clients the ability to capitalizeon historically low rates.”


The six office buildings span 109,469 squarefeet within the nine-building Dadeland West Executive Park. TheGreen Companies developed the buildings from 1979 to 1982. Locatedin the Kendall submarket at the prime intersection of North KendallDrive (Southwest 88th Street) and Southwest 107th Avenue, theproperty has 121 tenants.

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