C-III Capital Partners And Vanderbilt Office Properties Secure $53.5M Refinance For Plantation Industrial Campus

The transaction involves a refinancing agreement for an industrial asset consisting of three buildings located at 8201 Peters Road, 8151 Peters Road, and 8050 Southwest 10th Street in Plantation, Florida. The total square footage of the property is 289,582, with current leasing standing at 85%. The refinancing amount secured was $53,500,000, and the property is situated in Plantation's Midtown district, notable for a low vacancy rate of 9.3% in Broward County's office market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $53,500,000
• Address: 8201 Peters Road, 8151 Peters Road & 8050 Southwest 10th Street
• Market: Plantation
• Asset Size: 289,582 SF
• Landlord: Andrew Farkas - C-III Capital Partners; Casey Wold - Vanderbilt Office Properties
• Brokers: Amy Julian & Andrew Chilgren - CBRE
• Loan Type: Refinance

This refinancing was facilitated through a joint venture between C-III Capital Partners and Vanderbilt Office Properties, reflecting their strategic investment in the Plantation market. CBRE acted as the representative for the borrower, highlighting the brokerage's involvement in securing favorable financing for this property portfolio.