The Miami office of Holliday Fenoglio Fowler has completed a $91 million refinancing for the Airport Corporate Center, an 11-building office portfolio in Miami.
The property has 1 million sq. ft. of Class-A and -B office space located along the west edge of Miami International Airport. The property also has direct access to the airport and main traffic arteries.
"The Airport Corporate Center, which is technically part of the Airport west sub market, distinguishes itself from other properties, particularly those located on the western end of this sub market. These factors and the asset’s quality contributed to overwhelming responses from lenders," says Holliday Fenoglio Fowler managing director Paul Stasaitis.
The property is 82% occupied by a tenant roster that includes Norwegian Cruise Lines, NHP Holdings, South Florida Workforce, Nextel and Rockwell Collins.