MIAMI-Massachusetts Mutual Life Insurance Company has provided over $150 million in financing for the acquisition of Flagler Station in Miami. AEW Capital secured the financing for its $340-million purchase of the industrial portfolio.
The financing package included the assignment of Metropolitan Life Insurance Company's $72.1-million mortgage bound to the property and a new $85-million credit facility from Mass Mutual. The Flagler Station sale was closed on April 10. For the full story, go to South Florida Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
