WMP I (Whalou Properties Management) has obtained a $113.6 million refinancing for Mayfair in the Grove, a recently renovated landmark 288,046-square-foot mixed-use asset in Coconut Grove.Â
The property completed a $37 million makeover in 2025, including revitalizing the retail Promenade and upgrading the open-air lobby and arrival experience. Mayfair in the Grove further benefits from an abundance of lifestyle amenities, including eight on-site food and beverage concepts and direct connectivity to the Mayfair House Hotel & Garden, a 179-room, Two-Michelin-Key hotel.
Mayfair in the Grove is 98% leased to a diverse roster of brand-name tenants, with an 8.1-year weighted-average lease term.
CBRE’s Amy Julian and Andrew Chilgren represented WMP in the transaction. The property’s leasing agent, Chris Dekker of Mayfair Advisors, also assisted in the transaction and will continue providing leasing services.
CBRE Capital Markets’ Debt & Structured Finance team arranged the financing. Guggenheim provided the $113.6 million loan.
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