Biscayne Bay Office Building Investors Lands $101M Refi

RFR has refinanced 100 Biscayne, a 30-story boutique waterfront office building at 100 Biscayne Blvd. in Downtown Miami, with a $101 million loan funded by Derby Lane Partners and Axonic Capital. The transaction follows the completion of an extensive repositioning that RFR undertook after acquiring the 317,000-square-foot property in 2022, during which the firm leased approximately 248,000 square feet and increased occupancy from under 60 percent to approximately 90 percent. The capital program added amenities, pre-built suites, and overall building enhancements.

100 Biscayne is located in the Biscayne Bayfront area of Downtown Miami, offering views of Biscayne Bay, the Port of Miami and the Downtown skyline, with access to the Design District, Wynwood and Miami Beach.

Tenants at 100 Biscayne include LVMH, which renewed its 34,000-square-foot space earlier this year for Hublot and LVMH Perfumes & Cosmetics, as well as Luxottica, architecture firm Zyscovich, engineering firm DeSimone, several consulates, and data center tenants AT&T, Verizon and Windstream Communications.