Ken Griffin And Scott Srebnick Secure $118 Million Loan For 545 Wyn Office Building In Miami
545 Northwest 26th Street
$118,000,000
$236/SF
Building Size
499,370 SF
Asset Type
Office
Closing
Mar 18, 2026
AI
The property asset involved in the transaction is a 10-story office building located at 545 Northwest 26th Street in Miami. The asset encompasses 499,370 square feet and includes both office and retail space. It was recently acquired for $180 million from Sterling Bay.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $118,000,000
- Lender: J.P. Morgan Chase
- Landlord: Ken Griffin - Citadel
- Co-Owner: Scott Srebnick - Goldman Properties
- Leased Tenants: Sony Music Group, Gensler, Gemini
Ken Griffin from Citadel and Scott Srebnick from Goldman Properties secured a loan from J.P. Morgan Chase three months after the acquisition of the property. This transaction highlights the collaboration between prominent figures in the real estate market.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93