Blackstone’s Perform Properties obtained a $154 million loan to refinance 2 and 3 MiamiCentral, a development made up of a 17-story 196,000 square foot office tower, and one that is 12 stories, with just over 100,000 square feet of office space. Eastdil Secured arranged the deal. CIM Real Estate Debt Solutions funded it.
Commercial Search reports that in 2021, funds managed by Blackstone acquired the assets from Shorenstein Properties for $230 million, with the help of a $159 million loan from Natixis.
The two buildings, delivered in 2018, have 33,000 square feet of retail space. Shared amenities include wellness and fitness facilities, an outdoor roof deck, private work lounges and conferencing space, along with concierge services, valet parking and secure garage access.
The buildings are part of the MiamiCentral mixed-use development. The 3 million-square-foot property also includes a Publix supermarket, Starbucks, Chick-fil-A, an approximately 18,000-square-foot food hall and more than 800 luxury residential units.
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