CORAL GABLES, FLA. — HFF has arranged $74 million in financing for 4000 Ponce/ The Collection Building, a 295,088-square-foot trophy mixed-use property in Coral Gables. HFF, on behalf of the borrowers The Collection Properties LLC and The Collection LLC, arranged a 10-year, fixed-rate loan through a European-based insurance company. Proceeds will be used to repay the existing loan. The property, completed in 2002, is located at 4000 Ponce De Leon Blvd. It is 91 percent leased and includes 178,101 square feet of Class A office and retail space. The property also includes The Collection, an automotive dealership featuring the Ferrari, Maserati, McLaren, Aston Marin, Jaguar, Porsche and Audi brands. The HFF team representing the borrower included Paul Stasaitis, Jim Dockerty and Jose Carrazana. Bilzin Sumberg’s legal team, which consisted of Jim Shindell, Suzanne Amaducci-Adams and Alexandria Lehson, assisted in legal counseling.
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