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SJC Lands $69.4M Construction Loan for Doral Shopping Center
CBRE has secured $69.4 million in construction financing for the development of Doral Marketplace, a new 83,329-square-foot shopping center in Doral, Florida.
Richard Henry, Mike Ryan, Brian Linnihan, and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance represented the borrower, SJC Ventures. SJC paid $32 million for the 10-acre property.
Doral Marketplace will be located approximately 14 miles west of downtown Miami on a site at the intersection of Northwest 41st Street and Northwest 107th Avenue. The shopping center will be anchored by Whole Foods and will include a total of five buildings. The property is already 69% preleased to 12 tenants.
Founded in 2007, SJC Ventures is an Atlanta-based mixed-use commercial real estate and retail development firm. The company has acquired and developed more than 60 retail, mixed-use, multifamily, and office projects throughout the continental U.S.
- ◦Financing
