HFF Arranges $38.2M Refinancing of Sawgrass Lake Center in Sunrise

by John Nelson

SUNRISE, FLA. — HFF has arranged a $38.2 million loan for the refinancing of Sawgrass Lake Center, a 239,373-square-foot, Class A office building in Sunrise. The property is located south of Sawgrass Mills Mall at 13450 W. Sunrise Blvd. The office building was 84 percent leased at the time of the sale. Paul Stasaitis, Chris Drew, Jorge Portela, Jose Carrazana and Maxx Carney of HFF arranged the loan through Mesa West Capital’s Mesa West Real Estate Income Fund III, a $750 million debt vehicle. The loan was arranged on behalf of the borrower, a joint venture between CNL Commercial Realty Estate and Long Wharf Real Estate Partners.

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