Tricera Capital obtained $50.75 million in financing for the adaptive re-use project.
Recent renovation work includes a new lobby, café, conference center, outside seating/lounge area with new landscaping and installation of a Phenomenal Aire Series R Cold Plasma Generator which creates a plasma field within a HVAC system that naturally cleans passing air.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the owners, Owens Realty Capital, in the lease negotiations.
The company is based in Fulton, Maryland.
Jason Hochman, Mike Ciadella and Ron Granite of Cushman & Wakefield’s Equity Debt and Structured Finance team secured the new long-term, non-recourse loan through BankUnited.
Tricera expects to deliver the Joseph’s space in mid-2022.
CBRE’s Kevin Probel, Kevin McCarthy and Will Portfolio will be marketing the property for lease.
His responsibilities will include business development and assisting clients in procuring debt and equity solutions across all commercial property groups. He will work out of the Boca Raton office.
Quest most recently renewed its 21,096-square-foot space at 777 Brickell Ave in Miami.
Grover Corlew’s new headquarters is located at 1499 W. Palmetto Park Road in Boca Raton.
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