Nelson Garcia of RARE CRE represented the seller in the acquisition. Michael Basinski and Mitch Sinberg of Berkadia Boca Raton arranged a $31.75 million acquisition loan through City National Bank.
The project encompasses over 405,000 square feet of existing office space across two buildings, two ground-up retail and restaurant outparcel buildings totaling approximately 21,500 square feet, a nearly 37,000-square-foot Equinox gym and 500 multifamily units.
The permanent financing provided by City National Bank paid off a bridge loan that Easton used to acquire the Offices at Doral Square for $28.5 million in December 2023.
Located at 6600 N. Military Trail, the campus includes 650,000 square feet of office buildings on nearly 29 acres overlooking the Broken Sound Country Club’s golf course.
This loan closing marks Terranova’s ninth capital markets transaction of the year.
Skyler Marinoff represented both the buyer and seller in the off-market transaction.
The acquisition adds 146,000 square feet to its now 500,000-square-foot portfolio in the western Boca Raton corridor. CLICK ON THE HEADLINE FOR MORE
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