Mayfair in the Grove

Location:

Miami, FL

Financing:

$53,100,000
Permanent Loan

Deal Type:

Permanent

Property Type:

Mixed Use – Office/Retail

Dockerty Romer & Co. arranged permanent mortgage financing in the amount of $53,100,000 for a mixed use office and retail complex located in Coconut Grove, a neighborhood in Miami, FL. The subject property, known as Mayfair in the Grove, is a 281,066 SF landmark office and retail complex made up of three separate buildings. The property is currently 94.1% leased with tenants that include Sony Music, Sapient Technologies, Regus Office Suites and General Electric. Mayfair in the Grove is located adjacent to the Mayfair Hotel & Spa, located within the heart of Coconut Grove, one of South Florida’s most famous entertainment, dining, and cultural destinations.  Dockerty Romer & Co. arranged the financing through Guggenheim Partners who provided a competitive 10-year, fixed-rate mortgage.

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