Jamestown Secures $57.5 Million Loan From Synovus Bank For Retail Centers In South Florida
18496 Northwest 67th Avenue & 8129 8315 North Pine Island Road
$57,500,000
$121/SF
Building Size
236,021 SF
Asset Type
Retail
Closing
Oct 10, 2025
About this deal
AI
The transaction involves two Publix-anchored shopping centers located at 18496 Northwest 67th Avenue in Miami Gardens and 8129-8315 North Pine Island Road in Tamarac. The total asset type is retail, comprising 236,021 square feet of space, with a loan amount of $57,500,000 secured for financing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $57,500,000
- Address: 18496 Northwest 67th Avenue, Miami Gardens; 8129-8315 North Pine Island Road, Tamarac
- Market: Miami Gardens & Tamarac
- Lender: Synovus Bank
- Landlord: Matt Bronfman - Jamestown
- Brokers: Matthew Casey, Paul Adams, Hunter Rich & Aaliyah St. Louis - JLL
Jamestown arranged the financing for the properties through JLL Capital Markets, indicating the involvement of multiple key individuals in securing the funding for these shopping centers.
On the Map
$57,500,000
$121/SF
Retail
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Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93