Craig Robins Secures $250M Refinance Loan For Paradise Plaza In Miami Design District | 151 Northeast 41st Street | Deutsche Bank | Martin Schwartz, Kevin Koushel | Retail | Loan

Summary

Loan

FLORIDA

Retail

127,800 sqft

Paradise Plaza in Miami's Design District has secured a $250 million refinancing deal. The loan, provided by Deutsche Bank, was obtained by Paradise Plaza Associates and will support the retail space located at 151 Northeast 41st Street. The property spans 127,800 square feet and is home to luxury brands such as Chanel and Gucci.

Summary of transaction details

Property Type: Retail
Transaction Amount: $250,000,000
Address: 151 Northeast 41st Street
Market: Miami
Lender: Deutsche Bank
Landlord: Dacra - Craig Robins; Miami Design District Associates; L Catterton Real Estate; Brookfield Properties
Brokers: Martin Schwartz & Kevin Koushel - Bilzin Sumberg

The loan was secured by Paradise Plaza Associates, represented by brokers Martin Schwartz and Kevin Koushel of Bilzin Sumberg. The funding will provide financial stability and support the continued operation of Paradise Plaza in the Miami Design District. Craig Robins, the landlord and representative of Dacra, played a pivotal role in securing the refinancing deal.

Players

All
3

Agents
2
Lenders
1

Martin Schwartz

Partner

Kevin Koushel

Real Estate Of Counsel

Deutsche Bank

Details

Deal Summary

FINANCED

IMAGE: Martin Schwartz, Craig Robins & Kevin Koushel DATE: 08/25/2023 ADDRESS: 151 Northeast 41st Street MARKET: Miami ASSET TYPE: Retail ~ SF: 127,800 LENDER: Deutsche Bank (@DeutscheBank) LANDLORD: Dacra - Craig Robins (@CraigRobins); Miami Design District Associates; L Catterton Real Estate; Brookfield Properties (@BrookfieldProperties) BROKERS: Martin Schwartz & Kevin Koushel - Bilzin Sumberg LOAN AMOUNT: $250,000,000 LOAN TYPE: Refinance NOTE: Craig Robins and partners have closed a $250 million refinancing for Miami's Paradise Plaza in the Design District. The funding, secured from Deutsche Bank by Paradise Plaza Associates, will support the 120,000-square-foot retail space hosting luxury brands like Chanel and Gucci.

View on map

Address151 Northeast 41st Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want