PRU Grabs Hefty Loan For Miami Tower
Prudential netted a $45.4M mortgage backed by 355 Alhambra, the 16-story, 493k SF office tower it bought last year for $83M from AEW Capital Management. JPMorgan Chase Bank drafted the loan, with PRU granted an option to draw up to nearly $91M on it in the future, according to The Real Deal.
Tenants in the tower include Merrill Lynch, Moore & Co and Spencer Stuart. [TRD]