The owner of the three-building Mayfair in the Grove in Miami’s Coconut Grove’s has secured a $53.1 million loan in the second refinancing closed by a Delray Beach broker on the property .
The 281,066-square-foot property is dominated by offices but also has some retail, six apartments and underground parking. Two buildings are on one of the Grove’s main streets, Grand Avenue, west of Mary Street, and the other is a block away on the northwest corner of Florida Avenue and Rice Street.
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