PEBB Enterprises Secures $35 Million Refinancing For Two Boca Raton Office Properties

PEBB Enterprises successfully closed on a $35 million refinancing for two of the firm’s Boca Raton office properties.

The loan was provided by Citibank, N.A., which also served as the original lender on the assets.

The refinancing includes Boca Corporate Plaza, an 89,336-square-foot Class A office building located at 7900 Glades Road, and 5900 Broken Sound Parkway, a 77,340-square-foot Class A office building within the Park at Broken Sound business park.

The transaction closed on March 12.

“This refinancing reflects both the quality of the portfolio assets and continued strength of the Boca Raton office market,” PEBB Enterprises CEO Ian Weiner said. “We appreciate Citibank’s continued confidence in these assets. Well-located suburban office properties in markets like Boca Raton remain highly viable, particularly when they offer strong tenancy, accessibility and high-quality environments for businesses and their employees.”

Boca Corporate Plaza is a six-story office building featuring water and golf course views, recently upgraded lobby and common areas, and convenient access to Glades Road and Florida’s Turnpike. The property is adjacent to hospitality, dining and retail amenities in one of Boca Raton’s most established office corridors.

5900 Broken Sound Parkway is a three-story office building located within the 700-acre Park at Broken Sound, a premier mixed-use business park near Yamato Road and I-95. The building is fully occupied by Infinity Sales Group, a marketing and sales firm that partners with Fortune 500 companies.

Nelson Mullins Partner Christopher Staller and Senior Associate Donny Schreiber represented PEBB in the transaction.

PEBB continues to expand its South Florida portfolio, with a focus on well-positioned office, retail and mixed-use assets across the region.