Office Lending Surges With $185M for The Main

Stiles and Shorenstein secured $185M in office lending for The Main tower.
Nomura provided the senior floating-rate loan, brokered by JLL.
The Main is fully occupied and anchors major tenants like JPMorgan Chase.
Fort Lauderdale’s population has grown 38% since 2020, boosting office demand.

Key Takeaways

Financing Marks Shift in Office Lending

Stiles and Shorenstein Investment Advisors have secured $185M in office lending for The Main, a Class A office tower in downtown Fort Lauderdale, reports Globe St. Nomura provided the senior floating-rate loan, with JLL facilitating the transaction, reflecting renewed appetite among lenders for top-tier office product.

Premium Amenity Package and Tenant Roster

The Main offers 14-foot slab-to-slab floors, 12-foot floor-to-ceiling glass, and upgraded amenities including a conference center, covered terrace, fitness facility, tenant lounges, and VIP parking. The office is fully leased to tenants such as JPMorgan Chase and Raymond James, along with top law firms and financial institutions.

Growing Demand in Fort Lauderdale

Since 2020, Fort Lauderdale has seen a 38% rise in population, gaining over 27,000 residents. This demographic shift fuels demand for premium office space like The Main and attracts office lending from discerning capital sources seeking long-term exposure to growth markets. The surge aligns with broader regional trends, as South Florida continues to outperform national averages in office sector recovery, signaling sustained momentum in tenant activity and investor confidence.

Sunbelt Office Market Outlook

Recent performance indicators show the Sunbelt is regaining momentum, with firms such as Cousins Properties, Highwoods Properties, and Piedmont Realty Trust posting strong leasing gains. Office lending activity in these regions is gaining traction amid tenant demand and positive fundamentals.