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JLL Arranges Construction Loan for 830 Brickell in Miami

Infra News - Published on Tue, 13 Aug 2019

Image Source: https://www.prnewswire.com
JLL announced today that it has arranged a USD 300 million construction loan for the development of 830 Brickell, a 1.03 million-square-foot, 56-story, Class A, marquis tower that includes nearly 615,000 square feet of rentable space in the heart of Brickell, Miami's financial district and premier office market. JLL worked on behalf of the developers, a joint venture between OKO Group and Cain International, to secure the four-year construction loan through MSD Partners. The JLL Capital Markets team representing the borrower included Managing Director Scott Aiese, Senior Director Scott Wadler, Director Jesse Wright and Associate Alex Staikos.

830 Brickell is positioned to be the leading office tower in South Florida with world-class architecture and design. Anticipated for delivery in first quarter 2022, 830 Brickell is ideally positioned at 830 SE 1st Avenue in the epicenter of Brickell, directly adjacent to Brickell City Center, a USD 1.5 billion mixed-use development that anchors the neighborhood and provides an abundance of retail and food & beverage amenities within its 560,000 square feet of curated stores and restaurants. Brickell City Center has been a catalyst for the residential development in the surrounding area and today there are more than 4,400 luxury units within two blocks of 830 Brickell. Additionally, tenants at 830 Brickell can access a MetroMover station just steps from the property, providing connectivity through the central business district, and proximity to Interstate 95 allows those traveling by car to easily traverse the region.

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Posted By : Mohan Sharma on Tue, 13 Aug 2019
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