The Easton Group recently obtained a $20 million loan to refinance an 8-story office building located at 8600 NW 36th Street in Doral. City National Bank provided permanent financing, allowing the company to pay off a bridge loan that was used for the acquisition of Offices at Doral Square in December of last year for $28.5 million.
According to Andrew Easton, “Since acquiring this property, we have experienced better leasing activity than anticipated which has allowed us to secure long-term debt with more favorable terms.”
In May, the real estate firm announced three new leases totaling approximately 14,000 square feet at the building’s total rental space of 141,246 square feet. The tenants include Grupo Eulen,Vanderweil Engineers and Trust Lending.
Built in 1984 and situated in a prime location within Doral city center,the Offices at Doral underwent extensive renovations worth $10 million by its previous owner.
