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Florida & Gulf Coast  + South Florida  + Finance  | 
Cushman & Wakefield has arranged a $29.7-million refinancing loan for an office complex on Congress Avenue in Delray Beach, FL.

G&C Arbors Investors Finds $30M Refi for Delray Beach Office Portfolio

G&C Arbors Investors, LLC, an affiliate of Grover Corlew, has secured a $29.7-million refinancing loan for a 175,965-square-foot, two-building office portfolio on 12 acres in Delray Beach, FL. The company will utilize the refinancing loan for future capital and leasing costs.

Jason Hochman and Ron Granite of Cushman & Wakefield completed the loan through Ameris Bank.

“Recognizing an experienced sponsor and the strong office market fundamentals, the lender offered a low rate and flexible terms to match the business plan,” said Hochman.

The portfolio consists of a 98,460-building spanning two stories and a 77,505-square-foot building spanning four stories. Both buildings sit directly west of Interstate 95 at the southeast corner of Congress Avenue and Linton Boulevard.

The buildings include floor plans ranging from 2,300 square foot to more than 26,000 square feet and a parking ratio of 4.6 per 1,000 square feet.

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Cushman & Wakefield's Hochman

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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