Two adjacent office properties in Downtown Miami, operated by Blackstone, have secured a $154 million loan.
The buildings, located at 2 and 3 MiamiCentral, combine to span about 339,000 square feet. CIM Group issued the loan, with Eastdil Secured securing it.
Both buildings were built in 2018 and sit inside the MiamiCentral complex, which is surrounded by a mix of retail, office and residential space and takes up six total blocks.
"The transaction reflects CIM Group's continued focus on providing customized financing solutions for high‑quality office assets in major U.S. markets," CIM said in a statement.
"Through its CIM Real Estate Debt Solutions business, CIM Group applies its broad experience as an owner, operator, and developer of high quality commercial real estate to its lending strategy."
In 2021, Blackstone paid roughly $230 million to take the two buildings off of Shorenstein Properties' hands. The buildings feature amenities including fitness centers, rooftop areas and conference space.
Also, the site is near Miami Central Station.
In the post-pandemic world, not many office markets have recovered quite like Miami. As of August 2025, an Avison Young report foundthat the visitation rate was 75.8 percent in the Magic City, which outpaced other gateways, including Manhattan, Dallas, Chicago, LA and Boston. Miami's market overall is benefiting from the array of newer amenity offerings, as the flight to quality office trend remains a force after the pandemic.
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