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.
The price equated to $577 per square foot.
The lease deal includes an expansion of an additional 8,686 square feet.
The property consists of a 9-story office tower, a 2-story medical office building and a development pad.
He will continue a career of pursuing investor leasing opportunities in downtown Fort Lauderdale and Broward County.
The lease brings the newly renovated, 29,500-square-foot Class A boutique office building to 100% occupancy with a variety of professional, medical and dental tenants.
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.
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