Boca Raton Office Lands $19.4M Financing
JLL worked on behalf of the borrower, Sterling Organization, to secure the five-year, fixed-rate loan.
JLL worked on behalf of the borrower, Sterling Organization, to secure the five-year, fixed-rate loan.
ShareMD paid $6.45 million in the off-market deal that closed May 21.
Berger Commercial’s Brian Batchelder, Jonathan Thiel and James Karrat negotiated the deal.
The deals include 2 lease renewals, 1 renewal/expansion and 1 new lease deal.
The price equated to $577 per square foot.
The project will include 1,300 apartments, office and retail, and possibly a hotel.
Here are the most popular news headlines this past week on CRE-sources.
The 4,357-square-foot building, which is situated on .34 acres, is located within close proximity to the North Miami Beach City Hall and has been fully renovated to meet the latest building codes. The new owner plans to occupy the building.
Here are the most popular news headlines this past week on CRE-sources.
The lease deal includes an expansion of an additional 8,686 square feet.
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