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Saturday, February 11, 2012 Office
Holliday Fenoglio Fowler has arranged a $47.5 million loan for the SunTrust International Center, a 420,080 square foot office tower in downtown Miami, replacing an existing loan that matured in January. The five-year, fixed-rate loan was arranged on behalf of Guggenheim Real Estate and its partner, Stiles Corp. SunTrust International Center is a 31-story marble and glass office tower located at the corner of Flagler Street and Southeast Third Avenue in downtown Miami, convenient to Metromover and Metrorail, Miami-Dade County and federal courthouses, as well as Bayside Marketplace and American Airlines Arena. Renovated in 2002, the property is 88 percent leased to tenants including Akerman, Senterfitt & Eidson, Bank of America, Rachlin, Cohen & Holtz; SunTrust Bank and Walgreen's Pharmacy. On-site amenities include a deli, full-service dry cleaning, security card reader system for controlled access and duplicating, imaging and print shop. Guggenheim Real Estate manages an open-end diversified real estate portfolio. Stiles Corp. is one of Florida's largest full service real estate development companies and has developed more than 27 million square feet of office, retail and industrial facilities. Address: Flagler Street and Southeast Third Avenue, Miami, Fla. Size: 420,080 square feet Built: Renovated in 2002 Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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