Weda Developers scored a refinancing package on a 128,609-square foot office building in Coral Gables.

Cushman & Wakefield’s Jason Hochman and Ron Granite represented Weda in its transaction where they identified Lake Michigan Credit Union as the lender. The loan amounted to $12.5 million.

999 Ponce de Leon is an 11-story renovated office building that is 84.1% leased. The building offers structured parking, an on-site café and conference center, EV charging stations and visibility along the iconic Ponce de Leon Boulevard. Additionally, it is located near SW 8th Street, U.S. 1 and Le Jeune Road.

Weda Developers acquired 999 Ponce de Leon in 2005. They instituted a spec suite program and upgraded every suite to a more modern appeal.  Additionally, they revamped corridors, installed LED lighting upgrades in common areas and refreshed building systems.