PEBB Enterprises Closes Over $29 Million In Refinancings For Boca Raton Portfolio
ABANCA USA and BankUnited provided the loans.
ABANCA USA and BankUnited provided the loans.
Colliers’ Derek Baker, Gary A. Gottlieb, and Marc Fechter will lead leasing opportunities.
The $14 million sale was an off-market deal.
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 being redeveloped into a mixed-use campus by Related Group, BH Group, and PEBB Enterprises.
PEBB and Banyan picked up the 23-acre site for $7.46 million.
The properties are occupied by Taco Bell and Burger King.
The leases total more than 11,500 square feet.
Located at 3600-3998 FAU Blvd., the Research Park includes a total of 308,305 square feet of office space. It is the only state university-affiliated research park in South Florida and considered a premier technology business incubator for the region.
The joint venture is planning a significant project following a $48.5 million acquisition in the city’s waterfront Harbordale neighborhood.
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.