Adam Petrillo, managing director of locally based Regent Realty& Investments LLC, and independent broker Alan Kurtzmanarranged $14 million in senior financing for the acquisition of theparcel. The loan was provided with partial recourse byOrlando-based Capital Source Finance. The seller of the propertywas the Aventura Jewish Center and the principal of Aventura LandTrust is Yizhak Toledano. The sale closed late last month.

"Toledano has a successful track record in residentialdevelopment and condominium conversions and is broadening hisinvestments into commercial real estate," Petrillo says.

Plans for the site, and another adjacent site, include buildinga mixed-use project incorporating a medical office condominium withretail, lofts, townhomes and a hotel on a site that includes thesubject and a contiguous parcel. Petrillo tells GlobeSt.com thatToledano is developing site plans, which he plans to submit to thecity within the next 90 days.