Florida & Gulf Coast + Office | May 15, 2020

Triarch Capital Secures $35M Refinance for Miami Office Tower

Triarch Capital Group has secured a $35 million loan to refinance One Turnberry Place, a 137,000-square-foot office building in Miami’s Aventura submarket.

Located at 19495 Biscayne Blvd., the property was built in 1989 and has had a number of capital improvements in recent years. Tenants at the office tower include Bank Leumi, Merrill Lynch, Entertainment Benefits Group and CV Advisors. Amenities include a Chase Bank branch, café and a beauty salon on the ground floor.

Paul Ahmed and Mackenzie Fry of CBRE represented Triarch Capital in the transaction. The lender was a correspondent life insurance company.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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