JP Morgan Chase Bank Provides $64.5M Loan For Coral Gables Development Site

The development site located at 125, 155 & 163 South Dixie Highway in Coral Gables has recently secured a loan of $64,500,000. The property spans 500,000 square feet and covers an area of 2 acres. The lender for this transaction is JP Morgan Chase Bank, represented by Jamie Dimon. The Collection, owned by Ken Gorin and Ugo Colombo, serves as the landlord in this deal.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $64,500,000
• Address: 125, 155 & 163 South Dixie Highway, Coral Gables
• Market: Coral Gables
• Lender: JP Morgan Chase Bank - Jamie Dimon
• Landlord: The Collection - Ken Gorin & Ugo Colombo
• Square Footage: 500,000
• Acres: 2

Notable individuals involved in this deal include Jamie Dimon, representing JP Morgan Chase Bank as the lender, and Ken Gorin and Ugo Colombo, who own The Collection and act as the landlords for the property. The acquisition of this development site in Coral Gables marks a significant milestone for the involved parties and contributes to the dynamic real estate market in the area.