Craig Romer and Chris Romer of Dockerty Romer & Co. have arranged permanent mortgage financing in the amount of $24,750,000 for an anchored retail property located in Ft. Lauderdale, FL.

The subject property, known as 1600 Commons, is a 100% leased 80,033 SF anchored retail center which is comprised of seven individual buildings. The Property is ideally positioned along the east side of Federal Highway (US-1) in the heart of Ft. Lauderdale, FL. The anchor tenants include Trader Joe’s, Nordstrom Rack and Office Depot. The Property is located approximately two miles northeast of downtown Ft. Lauderdale and one mile west of the Atlantic Ocean beaches.

Dockerty Romer & Co. arranged the financing through New York Life Real Estate Investors on behalf of their client which is a global real estate investment manager. New York Life provided a competitive 10 year, fixed-rate interest only mortgage. Romer commented that, “Both the investor and lender were highly focused and professional in all areas of this transaction.” Romer also commented that, “New York Life provided an excellent debt structure which will allow our client to execute on their long-term business plan for this asset.”

About Dockerty Romer & Co.

Dockerty Romer & Co., a member of RECA, based in Delray Beach, Florida is a full service commercial mortgage banking firm specializing in the capitalization of income producing properties. Dockerty Romer & Co. has closed nearly $5 Billion of real estate transactions since its inception in January 2000. (www.dockertyromer.com)

About New York Life Real Estate Investors

New York Life Real Estate Investors is a division of NYL Investors LLC, a wholly-owned subsidiary of New York Life Insurance Company. New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans, commercial mortgage backed securities, and unsecured REIT bonds. With over $49.9 billion in assets under management as of March 31, 2017, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S. http://www.newyorklife.com/realestateinvestors