HFF arranges $31 million financing for Aventura Optima Plaza in Aventura, Florida
MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $31 million in financing for Aventura Optima Plaza, a Class A, LEED Platinum-certified, 113,042-square-foot, dual tower office plaza (office and medical office) in Aventura, Florida.
HFF worked on behalf of the borrower, Inmobiliaria Brom, to secure the 10-year fixed-rate loan through Mercantil Commercebank, one of the largest banks headquartered in Florida with $8.1 billion in assets. Vice president of real estate lending for the bank, Brian Barroso, led the transaction. Loan proceeds are returning a portion of the borrower’s equity from the all-cash construction of the building, and funding future tenant improvements and leasing commissions.
Aventura Optima Plaza is located at 21500 Biscayne Boulevard near Interstate 95 in Aventura’s central business district. Nearby demand drivers include the Aventura Mall, Aventura Hospital, The Village at Gulfstream Park and several new developments, including the highly anticipated mixed-use Park Square project. Completed in 2013, the property features in-suite balconies, a fitness center with locker rooms, a 20,000-square-foot “Green Roof” facility with an outdoor jogging trail, and a fifth floor “social deck” where tenants can socialize or dine outside. Tenants at the property include Benihana (U.S. Headquarters), Fossil, and Adler Kawa Real Estate Advisors.
The HFF debt placement team representing the borrower was led by managing director Jim Dockerty, associate director Scott Wadler and analyst Marc Roth.
“Aventura Optima Plaza’s success is due to Ariel Bromberg’s masterful combination of the aesthetic and efficient design of the buildings along with their focused hands-on management,” stated Dockerty. “The property is one of the finest office addresses in South Florida and is one of only two LEED Platinum buildings in the state of Florida.”
About Inmobiliaria Brom
Inmobiliaria Brom is a real estate company specialized on the development and management of high-end office and residential buildings. For more than four decades, Inmobiliaria Brom has successfully developed several office towers in the most coveted locations in Mexico City. Its projects are well known for their state-of-the-art architecture and for serving as the headquarters of many leading multinational companies. Aventura Optima is its first project in South Florida. For more information please visit inmobiliariabrom.com.mx.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.