Pebb Capital Secures $173M Construction Loan For Delray Beach Development
The transformative, mixed-use development spans approximately seven acres.
The transformative, mixed-use development spans approximately seven acres.
The firm has also signed a 79,141-square-foot lease on the neighboring block at Miami Tower, located at 100 SE 1st Ave., for a build-to-suit corporate headquarters relocation of a multi-billion-dollar public company.
John Criddle, Joseph Freitas, and Max Pawk with CBRE facilitated lease negotiations on behalf of ownership, South Florida-based real estate investment group Grover Corlew.
Wells Fargo now occupies two floors totaling approximately 45,000 square feet at Tricera’s 1675 Midtown office building following a 19,000-square-foot lease expansion.
Construction is anticipated to commence in the fourth quarter of 2023, with expected tenant occupancy beginning in the third quarter of 2026.
CBRE’s Brian McDonnell, Bill Sheehy, and Thomas Haughton represented TransLoop in the transaction. CBRE’s John Criddle, Joe Freitas and Allie Lancashire represent the landlord, Ivy Realty.
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.
Sentry Data Systems will relocate its employees from its current office at 800 Fairway,
The lease allows Tricera to seamlessly backfill space to be vacated by Comerica Bank, which is moving out of 1675 Midtown when its lease expires in June 2023.
Tenant delivery is anticipated to begin in the first-quarter 2024.
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