Ocean Bank provides $40M to refinance shopping mall
![Ocean Bank provides 40M to refinance shopping mall](/thumb/phpThumb.php?src=%2Fuploads%2Fnews%2F49%2F4902%2F9%2F4902942-ocean-bank-provides-40m-to-refinance-shopping-mall.jpg&w=706&hash=8b4d61c310f8c855fbc1a6912bf9639a)
Ocean Bank recently announced it has loaned $40 million to Dadeland Greenery LP to refinance the Greenery Mall and Dadeland Square shopping center.
Dadeland Greenery LP is headed by Joseph A. Sanz, executive chair and founder of Orion Investment and Management Ltd. The limited partnership purchased the center in 2023 for $52.2 million with a $42 million commercial mortgage-backed securities loan.
“Joseph Sanz and his family have been valued customers of Ocean Bank for many years,” said Eddie Diaz, executive vice president and head of corporate lending at Ocean Bank. “We are happy to be able to provide a permanent loan for this iconic property and to expand our relationship with Mr. Sanz.”
The Dadeland Square shopping center is located on an 8.7-acre site at 7700 N. Kendall Drive, adjacent to the Palmetto Expressway. It features 212,991 square feet of mixed-use retail/office space, including 84,916 square feet of office space in an eight-story building.
Long-term tenants include TJ Maxx/Home Goods, Joann Fabrics, Guitar Center, Don Pan bakery, Starbucks and several law firms.
Senior vice presidents Juan A. Mendiola and Federico Tunnermann arranged the loan for Ocean Bank.
For more information about Ocean Bank, go to www.oceanbank.com.
ABOUT US:
For more Miami community news, look no further than Miami Community Newspapers. This Miami online group of newspapers covers a variety of topics about the local community and beyond. Miami’s Community Newspapers offers daily news, online resources, podcasts and other multimedia content to keep readers informed. With topics ranging from local news to community events, Miami’s Community Newspapers is the ideal source for staying up to date with the latest news and happenings in the area.
This family-owned media company publishes more than a dozen neighborhood publications, magazines, special sections on their websites, newsletters, as well as distributing them in print throughout Miami Dade County from Aventura, Sunny Isles Beach, Miami Beach, Coral Gables, Brickell, Coconut Grove, Pinecrest, South Miami, Kendall, Palmetto Bay, Cutler Bay and Homestead. Each online publication and print editions provide comprehensive coverage of local news, events, business updates, lifestyle features, and local initiatives within its respective community.
Additionally, the newspaper has exclusive Miami community podcasts, providing listeners with an in-depth look into Miami’s culture. Whether you’re looking for local Miami news, or podcasts, Miami’s Community Newspapers has you covered. For more information, be sure to check out: https://communitynewspapers.com.
If you have any questions, feel free to email Michael@communitynewspapers.com or Grant@communitynewspapers.com.
Connect To Your Customers & Grow Your Business
Click Here![](/thumb/phpThumb.php?src=https%3A%2F%2Fcommunitynewspapers.com%2Fwp-content%2Fuploads%2F2016%2F04%2FBugle-Boy.jpg&w=728&hash=250575fa15ba3417cbb374108a7e9216)