CBRE Arranges $69.4M in Construction Financing for Grocery-Anchored Shopping Center in Doral, Florida

CBRE has secured $69.4 million in construction financing for the development of Doral Marketplace, a new 83,329-square-foot shopping center in Doral, Florida.

Richard Henry, Mike Ryan, Brian Linnihan, and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance represented the borrower, SJC Ventures.

Doral Marketplace will be located approximately 14 miles west of downtown Miami on a 10-acre site at the intersection of Northwest 41st Street and Northwest 107th Avenue. The shopping center will be anchored by a national organic grocery store brand and will include a total of five buildings. The property is already 69% preleased to 12 tenants.

“This is a really special piece of real estate, and we are very proud to have worked with the SJC team on this project,” said Mr. Henry, Senior Vice President at CBRE. “SJC Ventures is an exceptional developer and Doral Marketplace will make a perfect addition to the neighborhood.”

Founded in 2007, SJC Ventures is an Atlanta-based mixed-use commercial real estate and retail development firm. The company has acquired and developed more than 60 retail, mixed-use, multifamily, and office projects throughout the continental U.S.