HFF Arranges Refinancing for Downtown Dadeland in Miami, Florida

7/31/17

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a refinancing for the 126,453-square-foot retail component of Downtown Dadeland, a mixed-use development comprising seven buildings with six floors of residences, ground-floor retail and subterranean parking.

HFF worked on behalf of the borrower, a joint venture between Duncan Hillsley Capital and Pebb Capital, to place the financing with Square Mile Capital Management, LLC. HFF previously brokered the sale of this property to the borrower in a 2014 transaction.

Downtown Dadeland is located on 7.5 acres in the epicenter of the Dadeland “Triangle”, an urban infill location bounded by three of Miami’s most heavily trafficked thoroughfares and directly across from Dadeland Mall. The property is home to the greatest concentration of chef-driven restaurants in the region, including concepts such as Barley American Brasserie (Chef Jorgie Ramos), Ghee Indian Kitchen (Chef Niven Patel), Harry’s Pizzeria (Chef Michael Schwartz) and Pubbelly Sushi (Chef Jose Mendin). In addition, the property offers a prominent mix of experiential retail and lifestyle service providers, including West Elm, HCA Healthcare, Orange Theory Fitness, Panera Bread, Chili’s Bar and Grill and Men’s Warehouse.

The HFF debt placement team was led by senior managing director Chris Drew, senior director Nat Scarmazzi and managing director Luis Castillo.

“Duncan Hillsley has done an incredible job creating a unique retail destination that offers not only experiential retail and lifestyle service providers but also some of the best restaurant options south of Miami’s CBD, including Pubbelly Sushi, Barley American Brasserie, Ghee Indian Kitchen and Harry’s Pizzeria,” Scarmazzi said. “The sponsor’s vision for the property and ability to flawlessly execute its plan has created a new epicenter in Dadeland and served as a major catalyst of growth in this submarket.”

HFF’s debt placement professionals have secured $46.158 billion in financing across all property types in the 12 months ending June 30, 2017.

About Duncan Hillsley Capital

Duncan Hillsley Capital LLC (“DHC”) is a fully integrated, private commercial real estate investment company based in Boca Raton, Florida. DHC was formed in January 2009 to capitalize on the dislocation of the commercial real estate market by acquiring distressed and underperforming assets as well as assisting other investors in restructuring and recapitalizing their portfolios. DHC’s management team has extensive experience in all aspects of the real estate industry, including sponsorship, private equity, commercial lending and brokerage because its team has worked from every side of the table. Since DHC's inception, it has acquired $750 million in real estate assets and assisted other investors in the workout and recapitalization of $370 million in problem real estate loans. Learn more at http://duncanhillsley.com.

About Pebb Capital

Pebb Capital is a wholly owned real estate private equity firm based in Boca Raton, Florida. Formed in 2014 by Todd and Jeff Rosenberg, Pebb Capital has a dedicated capital allocation and uses its 40-year real estate investment, development and management experience to deploy that capital with high quality operating partners in all types of real estate asset classes throughout the country under a variety of joint venture structures. For more information, visit http://pebbcap.com.

About Square Mile Capital Management LLC

Square Mile Capital Management LLC (“Square Mile”) is an integrated institutional real estate finance and investment management firm based in New York. The firm’s commercial real estate debt platform provides customized capital solutions for real estate assets throughout the United States. Square Mile’s opportunistic platform takes a value-oriented approach to its investment activities, with an emphasis on opportunities to invest in real estate assets or enterprises that are undervalued, complex or under-capitalized.

About HFF

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

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