Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI LAKES, FL-Cap-East Associates Ltd. has obtained nearly $5.8 million in financing for the Cap East Building, a 120,242-sf, new industrial property located here.State Farm Life Insurance Co. was the lender. The funding was from a construction loan to first mortgage financing. The property’s financing was based on a 10-year term with a 30-year amortization schedule. The total project cost for the building, completed about 12 months ago, was approximately $6.3 million, or a little more than $52 a sf.The building was about 80% occupied at the time of the transaction. Among the tenants there are General Wig, Amtext and GE Polymershapes.J. Jeffrey Robertson, senior vice president and managing director of the Miami regional office of NorthMarq Capital Inc., arranged the financing for Cap-East Associates.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.