GRANDBRIDGE ARRANGES $31.67M REFINANCING FOR FLA. OFFICE BUILDING

FORT LAUDERDALE, FLA. — Grandbridge Real Estate Capital has secured $31.7 million in refinancing on behalf of Genesis Capital Partners XI for the 391,473-square-foot 110 Tower in Fort Lauderdale. The loan, which maintains less than a 50 percent loan-to-value ratio, was provided by Galveston, Texas-based American National Insurance Co. Tip Strickland and John Fenoglio of Grandbridge's Houston office and Al Rex of the firm's Fort Lauderdale office arranged the financing.