Two mid-rise office buildings in downtown Miami’s MiamiCentral development have secured $154 million in refinancing, reflecting investor confidence in projects that combine office space with transit access and nearby amenities. The refinancing was arranged by Eastdil Secured.

The financing applies to 2 and 3 MiamiCentral, which together span more than 300,000 square feet and form part of a larger mixed-use complex built around a major transportation hub. Delivered in the late 2010s, the buildings were designed to cater to modern office users with open floor plans, extensive natural light, and integrated retail at street level.

Mixed-Use Design Anchors Office Towers

One of the towers rises 17 stories and is primarily configured for office use, while the second, a 12-story structure, incorporates both workspace and a sizable retail component, along with structured parking. The buildings sit within a broader development that blends residential, commercial, and leisure uses, creating a dense, walkable environment in the city’s core.

A defining feature of the project is its direct connection to multiple transit options. Linking tenants to regional rail services and local transportation networks. The location also places the properties within close reach of key business and lifestyle districts, a factor that continues to shape tenant demand.

The deal comes as the office sector navigates shifting workplace trends, with companies reassessing space needs and older buildings in some markets facing declining occupancy. In contrast, recently completed properties in central, amenity-rich locations have generally fared better, particularly those embedded in mixed-use settings.

Miami has stood out as one of the more active markets, supported by population growth and an influx of businesses. As a result, capital has remained selective but available for assets that align with evolving expectations around accessibility, flexibility, and tenant experience.

The transaction points to ongoing lender interest in projects that combine location, design, and connectivity. Factors increasingly viewed as critical to long-term performance in the office market.

The refinancing comes as Miami continues to see significant redevelopment activity, including the recent demolition of the former Mandarin Oriental hotel on Brickell Key to make way for a planned $1 billion mixed-use project.

Factsheet: MiamiCentral Office Refinancing

Project: 2 & 3 MiamiCentral (Office Component)

Location: Downtown Miami, Florida

Asset Type: Class A office within mixed-use development

Financing Amount: $154 million

Transaction Type: Refinancing (whole loan)

Lender: CIM Group (via managed fund)

Arranger: Eastdil Secured

Total Size: 339,000 sq ft (combined)

Buildings:

• 2 MiamiCentral – 17 stories, primarily office
• 3 MiamiCentral – 12 stories, office with retail component

Year Completed: 2018

Key Features:

• Transit-oriented location
• Integrated retail and parking
• Modern office design (open layouts, high natural light)
• Access to amenities within broader mixed-use development

Connectivity: Adjacent to major transit hub with regional and local rail access

Market Context: Reflects continued lender focus on newer, well-located office assets in growth markets