CBRE Capital Markets Secures $30.2 Million Financing Broward Office Building
CBRE Capital Markets’ Debt & Structured Finance Group has successfully secured a $30.2 million bank balance sheet loan to finance Cornerstone One, a premier Class A office property in Plantation.
The transaction was facilitated by CBRE’s Senior Vice President Amy Julian and First Vice President Andrew Chilgren.
Situated in the Midtown Plantation Development District, Cornerstone One benefits from the recent addition of over 3,900 multifamily apartments and 350,000 square feet of new retail space. Its strategic location at the intersection of key Broward County roadways offers exceptional transportation access, making it an attractive destination for tenants.
“Cornerstone One’s prime location and exceptional asset quality have enabled the property to execute nearly 90,000 square feet of leasing in the past two years,” said Julian.
This strong leasing momentum precedes the Owner’s planned renovations, which include a lobby overhaul, move-in ready spec suites, as well as upgrades to the outdoor patios.
“The ongoing renovations will reinforce Cornerstone One’s position as one of the leading suburban office properties in South Florida,” added Chilgren.
