COFE Properties has secured $28 million in acquisition financing for the Aventura View office building in the affluent Miami neighborhood of Aventura. The 10 story, 107,304 square-foot boutique office building offering an ocean view is located at 2999 NE 191st Street. The loan was arranged through CBRE Capital Markets’ Debt & Structured Finance. CBRE placed the loan with JP Morgan which supplied the 10-year, 73% LTV loan on a fixed-rate partial interest only basis.
“Aventura View benefits from its location across from Aventura Mall, its tremendous frontage along the William Lehman Causeway, and its proximity to Sunny Isles’ ultra-luxury condominium communities, which drives office demand for the building,” said Charles Foschini, CBRE Vice Chairman. “The combination of quality office space, access, visibility and the host of surrounding amenities make Aventura View an ideal location for office tenants.”
