{"id":48833,"date":"2026-04-20T09:24:20","date_gmt":"2026-04-20T06:24:20","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=48833"},"modified":"2026-04-15T09:30:36","modified_gmt":"2026-04-15T06:30:36","slug":"blackstone-secures-154-million-refinancing-for-miami-offices","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/blackstone-secures-154-million-refinancing-for-miami-offices\/","title":{"rendered":"Blackstone Secures $154-Million Refinancing for Miami Offices"},"content":{"rendered":"

Blackstone has secured $154 million from CIM Group\u2019s private credit fund to refinance 2 and 3 MiamiCentral, which are part of a premier, mixed-use development in downtown Miami. The high-profile office space in Miami<\/a> serves as a regional hub for the real estate giant, which operates its own office within the property. Eastdil Secured brokered the transaction for the 339,000-square-foot asset.<\/p>\n

Blackstone originally acquired the complex for $230 million in 2021, shortly after signing a 41,000-square-foot lease at the site. The property has continued to attract high-profile tenants, including Uber, which doubled its footprint to 26,000 square feet last year.<\/p>\n

Completed in 2018, 2 and 3 MiamiCentral are modern, Class A properties. The 17-story 2 MiamiCentral offers approximately 196,000 square feet of office space, while the 12-story 3 MiamiCentral features 105,000 square feet of office space; 33,000 square feet of retail; and 1,357 parking spaces. The buildings feature efficient floorplans; floor-to-ceiling windows; and various amenities, including fitness facilities, a roof deck, work lounges and concierge services.<\/p>\n

\u201cThe transaction highlights how capital continues to flow to newer, transit-connected office properties in urban cores, even as older assets face leasing pressure and valuation challenges,\u201d CIM said in a statement. \u201cLenders have shown a preference for properties tied to mixed-use developments and strong location fundamentals, particularly in growth markets, like Miami.\u201d<\/p>\n

The complex is a central component of the MiamiCentral mixed-use development, which includes more than 800 luxury residential units and retail anchors like Publix and Starbucks. The location provides direct access to MiamiCentral Station \u2014 a hub for Brightline, Tri-Rail, Metrorail and other services \u2014 and offers connectivity to I-95; I-395; and neighborhoods such as Brickell, Wynwood and Miami Beach.<\/p>\n

This refinancing follows CIM Group\u2019s recent $210 million sale of the retail component at the nearby Miami Worldcenter, where it served as a master developer for the 27-acre project. Representatives for Blackstone did not immediately respond to requests for comment regarding the new financing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blackstone has secured $154 million from CIM Group\u2019s private credit fund to refinance 2 and 3 MiamiCentral, which are part of a premier, mixed-use development in downtown Miami. The high-profile office space in Miami serves as a regional hub for the real estate giant, which operates its own office within the property. Eastdil Secured brokered the transaction for the 339,000-square-foot asset.<\/p>\n","protected":false},"author":56,"featured_media":48834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-48833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nBlackstone Secures $154-Million Refinancing for Miami Offices - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Blackstone has secured $154 million from CIM Group\u2019s private credit fund to refinance 2 and 3 MiamiCentral, which are part of a premier, mixed-use development in downtown Miami.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/blackstone-secures-154-million-refinancing-for-miami-offices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Secures $154-Million Refinancing for Miami Offices\" \/>\n<meta property=\"og:description\" content=\"Blackstone has secured $154 million from CIM Group\u2019s private credit fund to refinance 2 and 3 MiamiCentral, which are part of a premier, mixed-use development in downtown Miami.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/blackstone-secures-154-million-refinancing-for-miami-offices\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-20T06:24:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/downtown-Miami-skyscrapers.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Sabau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Sabau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/blackstone-secures-154-million-refinancing-for-miami-offices\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/blackstone-secures-154-million-refinancing-for-miami-offices\/\",\"name\":\"Blackstone Secures $154-Million Refinancing for Miami Offices - 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