HFF Facilitates Sale and Financing of Class A Office Portfolio in Miramar
- Sep 03, 2015
HFF has arranged the sale and acquisition financing for a four-property, Class A office portfolio in Miramar, Fla.
MetLife Inc. sold the assets, which total 373,902 square feet, to Starwood Capital Group. HFF marketed the portfolio on behalf of the seller, and worked on behalf of the buyer to place the acquisition loan. Vanderbilt Partners has been retained as property manager.
The four, four-story office buildings are located on both sides of Interstate 75 in western Miramar, on the border between Miami-Dade and Broward counties.
Senior Managing Director Hermen Rodriguez, Director Ike Ojala and Associate Director Jorge Portela led the HFF investment sales team representing MetLife, while the HFF debt placement team representing the buyer was led by Senior Managing Directors Paul Stasaitis and Wally Reid and Director Chris Drew.
“These high-quality suburban office buildings generated much interest among institutional real estate investors. There is a clear interest in acquiring Class A office buildings, in submarkets that have a nearby, well-educated workforce and excellent nearby transportation hubs,” Rodriguez said in prepared remarks.