MIAMI-One Turnberry Place has secured $35 million in acquisition financing. The 136,400-square-foot class A office building is located at the entrance of the Aventura Mall on Biscayne Boulevard.
The buyer, OTP Capital, is an affiliate of Aventura-based Triarch Investment Group. Danny Halberstein, Jorge Linkewer, and Mario Grosfeld lead Triarch. Triarch also owns Aventura Town Plaza, a nearby two-story office and retail building at the entrance to Williams Island.
Aztec Group senior managing director Howard Taft and director Charles Penan secured the loan. Credit Suisse/Column Financial provided the 10-year non-resource loan on 66% loan-to-cost terms with a fixed interest rate.
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