Terranova Corp Refinances Coral Gables Office & Retail Properties For $55M With City National Bank

The recent closed property transaction in Coral Gables involved three properties located at 220 Miracle Mile, 300 Miracle Mile, and 253 Miracle Mile. The assets consist of office and retail spaces in the vibrant market of Coral Gables.

Summary of transaction details

• Property Type: Office & Retail
• Transaction Amount: $55,000,000
• Address: 220 Miracle Mile, 300 Miracle Mile & 253 Miracle Mile
• Market: Coral Gables

The loan for this transaction was obtained from City National Bank, with a loan amount of $55,000,000. The loan type was a refinance. Terranova Corp, represented by Stephen Bittel, acted as the landlord for these properties.