Blackstone Refinances Two-Building MiamiCentral Complex With $154 Million Loan

Overview

• Blackstone secured a $154 million refinancing for the 2 and 3 MiamiCentral office property, with Eastdil Secured arranging the deal.
• CIM Group’s private credit fund supplied the loan for the 339,000-square-foot complex connected to the MiamiCentral transit hub.
• Blackstone bought the asset in 2021 for $230 million after signing a 41,000-square-foot lease and it now runs its own office there.
• The property has a 17-story tower and a 12-story building with offices, ground-floor retail, and 1,357 parking spaces.
• The financing follows CIM Group’s $210 million sale of the nearby Miami Worldcenter retail component, pointing to active capital moves in the area.