The Real Deal Miami

Green Companies takes out $25M loan on Dadeland tower

Real estate firm took out another $31M loan on sister tower in June

January 06, 2016 09:45AM

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The Dadeland Centre II office tower in Miami

The Dadeland Centre II office tower in Miami

For the second time in the last 12 months, the Miami-based Green Companies just sealed a $25 million financing deal for one of its Dadeland office towers in Miami.

The loan, issued by New York Life Real Estate Investors, covers the Dadeland Centre II office tower at 9150 South Dadeland Boulevard. It’s a 15-story building with 113,691 square feet of space that is 84 percent leased. Some of the tenants include law firm Cole, Scott & Kissane and Credomatic of Florida, a payment solutions company.

Built in 2008, the building also features a parking podium with 250 spaces and hurricane-resistant glass windows.

Commercial brokerage HFF brokered the 10-year, fixed-rate loan on behalf of the Green Companies.

In June 2015, the debt team at HFF also brokered another loan for Dadeland Centre I on behalf of the Green Companies. The dollar amount was $31 million, and it was also assigned by New York Life Real Estate Investors.

The Green Companies is a family owned real estate business with about 2 million square feet of commercial space in its portfolio. Some of those holdings include Datran I and II, two office buildings; the Dadeland Centre offices; the Towers of Dadeland apartment complex and the Greenery Mall. — Sean Stewart-Muniz

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