Urban Street Development Secures $20.5M In Refinancing For Delray Asset
The property is currently 100% occupied and has historically operated at full occupancy during Urban Street Development’s ownership.
The property is currently 100% occupied and has historically operated at full occupancy during Urban Street Development’s ownership.
The property is being redeveloped into a mixed-use campus by Related Group, BH Group, and PEBB Enterprises.
The four-story, 93,219-square-foot boutique office building traded for $20 million.
With 10 years of brokerage experience, he is recognized as a leading expert in office space throughout Palm Beach County.
The 2-building, 170,000-square-foot campus is currently undergoing a $60 million renovation.
The portfolio is primarily located in Miami-Dade, Broward, and Palm Beach counties and stands to benefit from the Golden Glades Interchange Enhancement.
The lease deals drive total occupancy in the trophy office complex to 95 percent.
The leases total more than 11,500 square feet.
Making his return to JLL, he will join the corporate tenant representation team to serve clients across Miami-Dade, Broward, and Palm Beach counties.
The Regus facility will occupy the entire second floor of the building, spanning approximately 13,000 square feet. The space will feature 58 private offices, three meeting rooms, and a large co-working area.
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