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CBRE Secures $37M Refinancing for Coral Gables Office Building
CBRE has secured a $37 million loan to refinance Giralda Place, a recently-completed office building in Miami’s Coral Gables neighborhood.
The 111,206-square-foot property is located along Coral Gables restaurant row and consists of 92,222 square feet of retail space and 18,984 square feet of ground floor retail, as well as an attached 338-space parking structure. Giralda Place is currently 94% leased to seven tenants and includes WeWork’s first location in Coral Gables. Other tenants at the property include HSBC Bank, Dr. Smood, Rukus Cycling and Seaside National Bank.
Paul Ahmed, Amy Julian, Andrew Chilgren and Mackenzie Fry of CBRE arranged the financing on behalf of borrower HEC Finances LLC. Nationwide Mutual Insurance Company provided the long-term, fixed rate loan.
For comments, questions or concerns, please contact David Cohen
- ◦Financing
