X
Upcoming Stories
Florida & Gulf Coast CRE News In Your Inbox .

Florida & Gulf Coast   /   March 18, 2021

David Cohen
By: David Cohen

CushWake Secures $18M Refinancing for Boca Raton Office Property

Cushman & Wakefield has arranged an $18 million loan to refinance 1499 Palmetto Place, a four-story office building in Boca Raton.

The 269,000-square-foot office building is located directly east of Interstate 95 at the Palmetto Park Road Interchange. The property is currently 92% occupied, benefitting from a recently completed $10 million gut renovation which revitalized the interior with Class A finishes throughout.

Jason Hochman, Mike Ciadella and Ron Granite of Cushman & Wakefield’s Equity Debt and Structured Finance team secured the new fixed-rate, non-recourse loan through Grant Street, a national balance sheet lender. The borrower was Grover Corlew.

Connect
Inside The Story
About the Author

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
Email the Author

New call-to-action
New call-to-action
New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu