Director Bob Bradley of the Boca Raton, FL, office of Holliday Fenoglio Fowler LP arranged the five-year, adjustable-rate loan on behalf of Sunrise Harbor Multifamily Inc. through ING Investment Management, a correspondent life company and portfolio lender. Sunrise Harbor Multifamily was formed by Lend Lease Real Estate Investments.
The entity bought the property, located at 1030 Seminole Drive, from Stiles-Ellis Ltd., a Stiles Corp. partnership, for $90.6 million. Sunrise Harbor consists of twin 16-story buildings with a total of 352 luxury apartments with sixteen guest suites.
The property also comprises 7,000 sf of retail space fully leased to tenants including Christensen Yachts; Mind, Body and Baby; Casbah Spa; and Euro Bread. A 22-slip mega-yacht marina, a wine cellar, a library, a spa and a pool room are also part of the development.
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