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Dadeland Office Owners Ink $51.5M Refi
The Green Companies obtained a $51.5 million refinancing on Dadeland I and II, two Class A office buildings totaling 242,598 square feet in Dadeland, Florida.
JLL worked on behalf of The Green Companies to secure the 10-year, fixed-rate loan through Goldman Sachs. Senior Managing Director Paul Stasaitis led JLL’s Capital Markets Debt Advisory team. James and Elizabeth Green led the Green Companies team.
Dadeland Centre I and II are located at 9155 and 9150 S. Dadeland Ave. in the southern part of Miami-Dade County. The project is part of a ground lease entered into by Miami-Dade County and The Green Companies.
The properties were developed by The Green Companies in two phases, in 2003 and 2008. They are part of the Dadeland South Metro Rail Building Complex, which includes office towers, a Marriott hotel and a metro rail station. Dadeland Centre I is an 18-story tower. Dadeland Centre II has 15 stories. Overall, the properties are 93% leased.
- ◦Financing
