CBRE has arranged a $213.3-million loan for One Biscayne Tower on behalf of the sponsor, a joint venture between CP Group, Rialto Capital Management and Sabal Capital Partners.

One Biscayne Tower is a 38-story, Class A office tower prominently located on Biscayne Bay in Downtown Miami. The property features floor-to-ceiling glass providing stunning, unobstructed bay views unrivaled in the Miami Central Business District.

Amy Julian and Andrew Chilgren with CBRE represented the sponsor

Future renovations planned by the sponsor include further upgrades to the building lobbies, additional building amenities, a new state-of-the-art conference facility and continued upgrades to the common areas and restrooms.

 “Miami’s Central Business District has experienced unprecedented activity from new-to-market tenants,” said Julian.