
CGI Merchant Group Refis Miami Office, Hotel with $102M from Madison Realty Capital
Madison Realty Capital has originated two refinancing loans totaling $101.9 million for CGI Merchant Group. Surya Capital Partners brokered the transaction.
The two loans include a $35.5 million loan for 3480 Main, a Class-A office building in Coconut Grove, and a $66.4 million loan for The Gabriel Miami, a luxury hotel located in downtown Miami.
3480 Main is a modern mixed-use office with 44,685 rentable square feet of office space across five floors, 10,177 square feet of retail space, two high-end restaurants and an outdoor roof deck. The retail and rooftop spaces are fully leased to Lebanese restaurant, Amal.
The Gabriel Miami is a 129-key boutique Curio Collection by Hilton hotel with 14,440 square feet of restaurant space and 11,520 square feet of signage along Interstate 395. The hotel is part of the 64-story Marquis Building of luxury condominiums overlooking Biscayne Bay.
Photo: 3480 Main
- ◦Sale/Acquisition