Pebb Capital Secures $173M Construction Loan For Delray Beach Development
The transformative, mixed-use development spans approximately seven acres.
The transformative, mixed-use development spans approximately seven acres.
Here are the most popular news headlines this past week on CRE-sources.
Frito Lay will remain as a tenant for the time being but is planning to relocate to a larger facility in the near future.
The office with retail component including a rooftop venue will bring sophisticated work/play experiences to Coral Gables’ Merrick Park district. Groundbreaking is scheduled for Q4 2023 with completion in 2025.
The 312,103-square-foot facility is leased to food logistics company FreezPak.
The portfolio totals 138,979 square feet.
In addition to the 400,000-square-foot East Expansion Building, the phase includes the development of the 29-story, 801-room Omni Fort Lauderdale hotel.
The three-story building, featuring industrial and office space, will be at the southwest corner of Coral Ridge Drive and NW 39 Street.
SRS Capital Markets Executive Vice President & Market Leader Patrick Nutt and Senior Vice President William Wamble who are based in Fort Lauderdale and Tampa, represented the seller in the transaction.
The asset last traded in November 2023 for $48 million.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
