Monarch Alternative Capital And Tourmaline Capital Partners Refinance 801 Brickell Avenue For $299M

The asset is an office building located at 801 Brickell Avenue in Miami, featuring a total square footage of 694,863. This property is part of a market valued transaction involving a loan amount of $299,000,000 which was secured through refinancing.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $299,000,000
• Address: 801 Brickell Avenue
• Market: Miami
• Asset Size: 694,863 square feet
• Lender: David M. Solomon - Goldman Sachs
• Lender: Charles W. Scharf - Wells Fargo
• Landlord: Michael Weinstock - Monarch Alternative Capital
• Landlord: Chris Santana - Monarch Alternative Capital
• Landlord: Brandon Huffman - Tourmaline Capital Partners
• Loan Type: Refinance

The refinancing was executed to boost a 2023 mortgage by $80.4 million, facilitating continued investment in the property, which houses tenants including BNP Paribas, Mastercard, and Galderma, along with retail operations like Komodo restaurant and other food concepts.