Synovus Financial Corp. Provides $37.4M Acquisition Loan For Office Property In Plantation, FL

The office property located at 261 N. University Drive in Plantation, FL has been involved in a recent transaction. The property spans an impressive 173,193 square feet and is categorized as an office asset. The transaction took place on 10/19/2021.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $37,375,000
• Address: 261 N. University Drive, Plantation, FL
• Market: Plantation, FL
• Lender: Synovus Financial Corp.
• Landlord: Fred Arena - Vision Properties
• Brokers: Brad Domenico & Eddie Miro - Progress Capital
• Loan Type: Acquisition
• Loan Terms: 10-Year Fixed, Non-Recourse

The deal was facilitated by Brad Domenico and Eddie Miro of Progress Capital, who represented the buyers and sellers respectively. Synovus Financial Corp. provided the loan amount of $37,375,000. The landlord in this transaction is Fred Arena of Vision Properties.