Monday, September 26, 2011

Miami Airport Center receiver appointed - Atlanta Business Chronicle:

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Miami-Dade Circuit Court Judge Maxine Landio appointedAndrew Hellinger, chief executive officer of , as Judge Lando had turned over the troublec project to Liberty Pointe on April 27, afte the senior lender and mezzanine lender commencede foreclosure actions against the original owners. The Business Journalp previously reportedNew York-basedx had filed a foreclosure lawsuit in December against the center’se owners, and Carlos Gonzalez, president of . Bancl Popular’s mortgage to Tamach Airport was last modifiedat $45 millio n in 2007.
However, in the bank assigned the mortgage toFVP Airport, whicjh is managed by Miami Lakes-based the same company that recentlty purchased a foreclosed mortgage on a Florida City townhomee project from . “Miami Airport Center is among countless projects throughour Florida that have encountered difficultie s in this market but maybe repositioned,” Hellinget said in a press release. Miami Airport Center is a 28-acree complex containing five one- and two-story buildinga at 7500 NW 25th St.
in unincorporated Miami-Dade County near It has frontage on the Palmetto Liberty Pointe said Hellinger has already begun to reposition and markethe commercial, industrial and officd space for sale or lease. The company said it focusexd initial efforts on seizinfg control of the leasing andmanagement operations, condominium associationm operations, and undertaking initial maintenanc and repairs to the property.
Liberty Pointe said the center includes: 77,717 square feet of office suites; 485,396 square feet of warehouse dock-high rear loading, platform truc positions and street-level loading; 20-foot to 24-foog clear ceiling height; 1,075 parking spaces; zoninb for industrial and manufacturinguses

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