CBRE Arranges $47 Million Loan To Finance 110 East Broward

Jun 10, 2018 No Comments by

CBRE has arranged a $47 million loan to finance 110 East Broward, a 24-story office tower and adjacent two-story office and retail building.

The buildings support a combined 342,465 rentable square feet, including 304,411 square feet in the office tower and 38,054 square feet in the two-story building. Both buildings were constructed in 1981 and the office tower was last renovated in 1999.

Amy Julian, Christian Lee, Jose Lobon and Andrew Chilgren of CBRE’s Miami-based Capital Markets team arranged the financing on behalf of Stockbridge Capital Group. Bank of America provided the floating rate loan.

 

“The loan with Bank of America will provide additional funding for the transformative capital upgrades that are planned at the Property. These enhancements, combined with Stockbridge’s commitment to the Property, will undoubtedly strengthen 110 East Broward’s position in the market,” explained Amy Julian, Vice President, CBRE Debt & Structured Finance.

110 East Broward is located within the heart of Downtown Fort Lauderdale.

 

 

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