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South Florida

Fontainebleau Park Plaza receives $49M loan

Fontainebleau Park Plaza aerial view
Fontainebleau Park Plaza aerial view

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The newly developed Miami shopping center Fontainebleau Park Plaza received a $49 million loan from Integra Real Estate Capital.

The commercial mortgage brokerage firm, based in New York City, secured the 10-year interest-only loan for the 235,000 square foot center. The loan was arranged managing partner at Integra, Russell Kimyagarov, according to a news release.

The 31-acre shopping center, located on the Northwest corner of Northwest 92 Avenue and West Flagler Street, is 1.2 miles west of the Palmetto Expressway. It’s anchored by a Wal-Mart Supercenter, L.A. Fitness, La-Z-Boy and Discovery Clothing. — Kristina Puga

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