The Easton Group secured a $20 million loan to refinance an 8-story office building at 8600 NW 36th Street in Doral.  The permanent financing provided by City National Bank paid off a bridge loan that Easton used to acquire the Offices at Doral Square for $28.5 million in December 2023.

“Since buying this asset, leasing activity has been better than expected giving us an opportunity to secure long-term debt with more favorable terms.” said Andrew Easton. 

In May, the real estate firm announced three new leases at the 141,246-square-foot building, equating to about 10% of the total rental space. Grupo Eulen, Vanderweil Engineers and Trust Lending leased a combined 14,000 square feet.

The Offices at Doral, located in the heart of the city, was built in 1984 and underwent a $10 million facelift by the previous owner.