PEBB Enterprises, Banyan Development Close Successful Disposition Of Boca Raton Mixed-Use Site
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
The two experienced real estate professionals will join JLL’s leading tenant representation services team serving clients across the South Florida region.
ABANCA USA and BankUnited provided the loans.
Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction.
The travel technology company will relocate its headquarters from Downtown West Palm Beach.
Colliers’ Derek Baker, Gary A. Gottlieb, and Marc Fechter will lead leasing opportunities.
The building sold for $15.3 million.
The project will consist of a mixed-use retail and office, restaurant outparcels, a daycare and early learning center, as well as a 3-level parking garage.
The $14 million sale was an off-market deal.
The approved site plan encompasses over 405,000 square feet of office space in two buildings, four new retail and restaurant outparcel buildings totaling nearly 43,000 square feet, a nearly 37,000-square-foot luxury fitness facility and 500 multifamily units.
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.
