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Terra Secures $183.75M Refi on Bay Harbor Islands Office Venture
Terra secured a $183.75 million loan from Monroe Capital to refinance The Offices at THE WELL Bay Harbor Islands, a recently completed Class A office component of Terra’s mixed-use development in Bay Harbor Islands. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, and Jordan Casella, represented Terra in the transaction.
The project was delivered over the summer. THE WELL Bay Harbor Islands comprises 96,000 square feet of Class A office space alongside an eight-story residential component with 65 luxury residences and more than 22,000 square feet of amenities.
The Offices at THE WELL is now more than 90% leased. Tenants include Man Capital LLP, Dwight Capital, TEB Capital Management, NewCo Capital Group and Legacy Wealth Advisors. The ground floor is also the future home of The Golden Good Market and THE WELL Club, which are both slated to open in 2027.
- ◦Financing
