View original fileUCC PUbliC Sale NotiCe PLEASE TAKE NOTICE THAT Jones Lang LaSalle, on behalf of CMMT-JSELLEr 2, LLC, a Delaware
limited liability company (“Secured Party”) will offer for sale at public auction 100% of the limited liability company interests (the “Interests”) in Washington Squared Owner LLC, a Delaware limited liability company (“Property Owner”), which is the sole owner of the real property located at 601 Washington Ave, Miami Beach, Florida (the “Property”). The Interests are owned by 601 Washington Mezz LLC, a Delaware limited liability company (“Pledgor”).
Property Owner is the borrower under a mortgage loan (the “Loan”) that is currently held by Secured Party. In connection with the Loan, Pledgor granted to the Secured Party a first priority lien on the Interests and all other collateral pledged by Pledgor under that certain Pledge and Security Agreement, dated September 3, 2021 (collectively, with the Interests, the “Collateral”), and the Secured Party is offering the Collateral for sale in connection with the foreclosure on the pledge of such Collateral.
The sale of the Collateral will take place on September 16, 2025 at 11:00 A.M. New York time, in person at the offices of Dechert LLP, located at 1095 Avenue of the Americas, New York, New York 10036, and remotely via a telephonic conference and/or other remote electronic means.
The Collateral is being offered as a single lot, on an “AS IS, WHERE IS” basis, with all faults, and without representations or warranties of any kind or nature made by the Secured Party or any person acting for or on behalf of Secured Party.
The public sale will be made subject to the Terms of Sale. The sale of the Collateral will be subject to all applicable third party consents and regulatory approvals, if any. Please take notice that there are specific requirements for any potential bidder in connection with obtaining information, bidding on the Collateral and purchasing the Collateral, including but not limited to, (1) executing a confidentiality agreement, (2) complying with the governing documents for Property Owner, and (3) complying with the other qualifications and requirements set forth in the Terms of Public Sale relating to the sale of the Collateral (the “Terms of Sale”), including but not limited to, a requirement to make a good faith deposit against such bidder’s payment of the purchase price.
Secured Party reserves the right to credit bid, set a minimum reserve price, reject all bids (including without limitation, any bid that it deems to have been made by a bidder that is unable to satisfy the requirements imposed by Secured Party upon prospective bidders in connection with the sale or to whom in the Secured Party’s sole judgment, a sale may not lawfully be made), to terminate or adjourn the sale to another time, and to sell the Collateral at a subsequent sale, and to impose any other commercially reasonable conditions upon the sale of Collateral as Secured Party may deem proper. The Secured Party further reserves the right to restrict prospective bidders to those who will certify, among other things, that they are acquiring the Collateral for their own account for investment not with a view to the distribution or resale of such Collateral, and that they will not resell the Collateral without either a valid registration under the applicable federal or state laws, including, without limitation, the Securities Act of 1933, as amended (the “Securities Act”) or an available exemption therefrom, and to impose such other limitations or conditions in connection with the sale of the Collateral as the Secured Party deems necessary or advisable in order to comply with the Securities Act or any other applicable law.
All bids (other than credit bids of Secured Party or its designee or nominee) must be for cash and the successful bidder must be prepared to deliver immediately available good funds as required by the Terms of Sale and otherwise comply with the bidding requirements and the Terms of Sale. Further information concerning the Collateral, the requirements for obtaining information and bidding on the Collateral and the Terms of Sale can be found at www.601WashingtonAveMiamiBeachUCCSale.com or by contacting Brett rosenberg at (212) 812-5926 or Brett.rosenberg@jll.com.