Aztec Group Secures $25 Million Loan For Crossings Shopping Village In Miami

The asset involved is a retail shopping center located at 12955 Southwest 112th Street in Miami, comprising 129,483 square feet. The property is anchored by Publix and CVS, and has undergone a recent redevelopment that included an expansion of Publix and enhancements to its infrastructure. The loan secured for this project amounts to $25 million, facilitated by a regional bank for CF Properties.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,000,000
• Asset Size: 129,483 SF
• Address: 12955 Southwest 112th Street
• Market: Miami
• Landlord: Michael & Spencer Friedman - CF Properties
• Broker: Howard Taft - Aztec Group

Howard Taft, representing Aztec Group, played a pivotal role in securing the permanent financing for Crossings Shopping Village. The financing supports the newly renovated shopping center within Miami's Kendall submarket, aligning with the interests of CF Properties and its landlords.