JLL Secures $38M Refinancing for Miami In-Fill Retail Portfolio, Boosting South Florida Real Estate Market

Reuters
08/05
JLL Secures $38M Refinancing for Miami In-Fill Retail Portfolio, Boosting South Florida Real Estate Market

JLL Capital Markets has successfully arranged a $38 million refinancing for the Miami In-Fill Retail Portfolio, a collection of four fully leased retail centers in Miami-Dade County, Florida. The portfolio, covering 127,826 square feet, includes Pinecrest Center, Westlake Plaza, Naranja Plaza, and Pinecrest Shoppes, all located in high-demand South Florida submarkets. The refinancing, secured through Synovus Bank, is a 10-year, fixed-rate loan. This transaction highlights the strong fundamentals of Miami's retail market, characterized by significant rent growth and low vacancy rates. The renovation and repositioning efforts by the sponsor, MMG Equity Partners, have driven substantial portfolio NOI growth, transforming these properties into high-performing retail destinations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.

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