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.
ABANCA USA and BankUnited provided the loans.
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 store serves as one of the anchor tenants in the Uptown Boca development.
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.
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.
She brings 20 years of real estate experience with a strong emphasis on South Florida’s retail market.
PEBB and Banyan picked up the 23-acre site for $7.46 million.
The properties are occupied by Taco Bell and Burger King.
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.
