MIAMI, September 30, 2024 – Cushman & Wakefield has arranged $7 million in financing for Pembroke Pines Professional Center, a medical and professional office property located at 9050 Pines Blvd. in Pembroke Pines, Florida.
Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured a fixed rate loan through Lake Michigan Credit Union on behalf of the property’s owner, Dycal Properties, LLC.
“Office properties are more challenging to finance today than in the past, but when you have a top-notch operations team keeping the property well leased and increasing the net income, it certainly helps the cause,” said Hochman, Executive Director at Cushman & Wakefield. “We were happy to assist our client in finding this flexible loan with an attractive, fixed rate which will enhance their property cashflow.”
Pembroke Pines Professional Center consists of two twin buildings totaling 96,996 square feet, connected by an atrium, and offers an array of medical office, executive suite, and office spaces to a diversified group of tenants. The property has been well leased for years and is situated at the busy intersection of Pines Boulevard and University Drive. It is located near two major hospitals as well as major highways and thoroughfares such as Interstate 75, the Florida Turnpike, and Interstate 595.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
-END-
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
