Terra Group LLC president David Martin in Miami. Courtesy photo
Developer Terra already sold the first half of the retail segment and pre-leased 98% of the second half.
April 07, 2020 at 02:17 PM
1 minute read
South Florida real estate reporter
A sprawling mixed-use Pembroke Pines project secured a $45 million refinancing for its retail segment in spite of the coronavirus economic curveball that has slowed lending.
The 47-acre Pines City Center on the southwest corner of Pines Boulevard and Palm Avenue obtained the loan for the second half of its retail portion — 150,000 square feet out of a total of 300,000 square feet of retail.
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