CBRE has successfully secured $69.4 million in funding for the construction of Doral Marketplace, a new shopping center spanning 83,329 square feet in Doral, Florida. The borrower, SJC Ventures, was represented by Richard Henry, Mike Ryan, Brian Linnihan and JP Cordeiro from CBRE Capital Markets’ Debt & Structured Finance division. SJC purchased the 10-acre property for $32 million.
Doral Marketplace will be situated at the intersection of Northwest 41st Street and Northwest 107th Avenue approximately 14 miles west of downtown Miami. The shopping center will consist of five buildings and feature Whole Foods as its anchor tenant. Currently at a prelease rate of 69%, the property has already attracted interest from twelve tenants.
SJC Ventures is an Atlanta-based company specializing in mixed-use commercial real estate and retail development since its establishment in 2007. With over sixty projects completed across various sectors such as retail,mixed-use properties,and offices throughout mainland United States,the firm continues to thrive within this industry.
