In total, the Florida-based team, led by Senior Managing Director Mitch Sinberg of Berkadia Boca Raton, executed 35 deals across the country, including 12 acquisition loans, two equity raises, one construction loan, three land loans, and 17 strategic refinances.
Leading real estate developer Related Group is developing the residential project in partnership with BH and PEBB.
Joe Freitas and John Criddle of CBRE are handling office leasing at The Eclipse on behalf of the development partnership. The law firm was represented by Greg Katz, Carlyle Coffin and Shay Pope of Stream Realty Partners.
The 235,000-square-foot property sold for approximately $372 per square foot.
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.
The joint venture is planning a significant project following a $48.5 million acquisition in the city’s waterfront Harbordale neighborhood.
The property, which launched in late 2021 and is now more than 95-percent sold, is currently under construction and is expected to complete in early 2028.
A national fast-casual food concept will establish its corporate headquarters on the office building’s third floor.
ODP Corp.’s amended lease ensures that the company’s global headquarters will remain in Boca Raton at 6600 North Military Trail until at least 2033.
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