The properties were sold by Frisbie Group-affiliated ownership, along with entities tied to ophthalmologist Dr. Stephen Sullivan and Marcia Sullivan.
Nelson Garcia of RARE CRE represented the seller in the acquisition. Michael Basinski and Mitch Sinberg of Berkadia Boca Raton arranged a $31.75 million acquisition loan through City National Bank.
Plans call for 2,874 residential units, including 200 townhomes, along with 400,000 square feet of retail, 125,000 square feet of Class A office space and a 185-room hotel.
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The company is a fintech-driven commercial lending platform that provides customized financing solutions to small and medium-sized businesses across the United States.
The site has long attracted developer interest because of its scale, location and proximity to transit.
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Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
The sales total nearly $16 million in value.
In addition to the office lease, the new tenant will also open a 5,916-square-foot ground-floor restaurant at the property.