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The Real Deal Miami

Site near Miami’s Dadeland Mall gets $17.2 million refinancing arranged by HFF

December 11, 2012 10:30AM

Dadeland Medical Building

A 71,888-square-foot mixed-use property across from the Dadeland Mall in Miami has received $17.2 million in financing arranged by HFF. The property is located on 4.3 acres at 7400 and 7440 North Kendall Drive. It includes a 71,888-square-foot medical office building and a 24,999-square-foot retail building. HFF worked on behalf of Dayco Development Company to secure the loan through Ladder Capital. HFF’s team was led by Manny de Zarraga, Chris Drew and Jorge Portela. “We continue to see significant demand from lenders for assets located in densely populated in-fill locations, with high barriers to entry,” Drew said. — Alexander Britell