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.

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

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