ORLANDO, FL – December 1, 2013 – HFF has announced that it has secured $24.425 million in financing for the 106,506 SF Class A GAI office building in Orlando. HFF worked on behalf of 618 East South Street LLC, an affiliate of the Ustler Group of Companies, to secure the 10-year fixed-rate loan through GE capital Real Estate. Built in 2011, the seven-story “GAI Building” is the first privately-developed, LEED certified office property in downtown Orlando.
The building is 90% leased and is anchored by GAI along with XOS Digital and Regus. The HFF team representing the borrower was led by associate director Michael Weinberg and real estate analyst Whitaker Leonhardt in HFF’s Orlando office along with a member of HFF’s Miami office.