The Real Deal Miami

Green Companies nabs $31M refi for Dadeland offices

Dadeland Centre is undergoing a $500,000 renovation

June 17, 2015 12:45PM

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Dadeland Centre I

Dadeland Centre I

The Miami-based Green Companies obtained a $31 million refinancing for Dadeland Centre I, an office tower in Miami.

New York Life Real Estate Investors is the lender, according to a press release. HFF arranged the loan for the 130,000-square-foot, Class A office tower.

Dadeland Centre, at 9155 South Dadeland Boulevard, is adjacent to the Dadeland South Miami Metrorail Station. It features hurricane resistant glass, 400 covered parking spaces, and skyline and water views. Owners are investing $500,000 into renovating the office building’s interiors. 

HFF’s Paul Stasaitis, Jose Carrazana, Maxx Carney and Cecily Nazario arranged the loan.

“Capital providers held a very positive view of this loan request, essentially for many of the same reasons tenants enjoy a presence at the property, including a highly desirable transit-oriented location, dedicated hands-on ownership/management, and high-level building quality,” Stasaitis said in a statement.

Sales information for the building was not available in Miami-Dade property records. The Green Companies‘ developments include Datran I and II, the Towers of Dadeland and the Greenery Mall. — Katherine Kallergis