HFF Arranges $79M Refinancing for Miami’s Shops at Sunset Place
- Aug 20, 2010
August 20, 2010
By Allison Landa, News Editor
The Miami office of Holliday Fenoglio Fowler, L.P. has nailed down a $79 million refinancing for The Shops at Sunset Place. The open-air Miami mall is located near U.S. Route 1 in the city’s southern area.
HFF executive managing director Manny de Zárraga, director Luis Castillo and managing director Danny Finkle, along with managing director Claudia Steeb and executive managing director and managing member John Pelusi, Jr. of HFF’s Pittsburgh office, worked on behalf of the property’s ownership group, Simon Property Group and Institutional Mall Investors, L.L.C. They secured a 10-year, fixed-rate loan through JP Morgan Securities, Inc.
Castillo called the property Miami’s dominant entertainment and lifestyle center and said it provides one of the market’s most unique venues. It is leased to tenants including AMC Theaters, Gameworks, Barnes & Noble, Niketown and LA Fitness.
HFF operates out of 17 offices nationwide, providing commercial real estate and capital markets services including debt placement, advisory services and structured finance to the U.S. commercial real estate industry.