Sawgrass Lake Center receives $38.2 million in refinancing

Sawgrass Lake Center
Sawgrass Lake Center

HFF arranged $38.2 million in refinancing for Sawgrass Lake Center, a 239,373-square-foot office building in Sunrise, the firm announced today.

HFF represented the borrower, a joint venture between CNL Commercial Real Estate and Long Wharf Real Estate Partners. Mesa West Capital is the lender.

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The proceeds will be used to finance capital improvements and leasing costs. The borrower acquired the property, located at located at 13450 West Sunrise Boulevard, in March in a sale also arranged by HFF. – Christopher Cameron