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
472,042 SF
Asset Type
Retail
Closing
Oct 10, 2025
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.
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