Medley Industrial Building Trades For $16.35 Million
Elias G. Patsalos, CCIM, MSIRE, President/Broker with Agora Real Estate Group, represented both the buyer and seller in the transaction.
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Elias G. Patsalos, CCIM, MSIRE, President/Broker with Agora Real Estate Group, represented both the buyer and seller in the transaction.
The assets total 197,608 square feet.
The office expansion follows the company’s launch of a commercial real estate investment fund targeting $100 million to acquire and develop early childhood education properties nationwide.
With nearly 33,000 square feet in a highly competitive submarket, the property offers Longpoint Partners a foothold in one of the region’s most sought-after industrial areas.
“This refinancing reflects both the quality of the portfolio assets and continued strength of the Boca Raton office market,” PEBB Enterprises CEO Ian Weiner said.
The new loan replaces a $20 million loan provided by Amerant Bank in 2024.
The lease deal was negotiated by Gordon Messinger of CBRE.
Read on for the most popular news headlines this past week on CRE-sources.
The landmark project will feature 64,000 square feet of curated restaurant and retail space, 382 luxury apartment residences, high-end amenities and a pedestrian-oriented streetscape designed to anchor the Northwood Village corridor.
CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents.
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