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PEBB Closes Refis on Two Boca Raton Properties
PEBB Enterprises completed refinancings for two of the company’s assets in Boca Raton. PEBB closed a $16 million refinancing for Eighteen Zero One and a $13.9 million refinancing for Restaurant Row.
ABANCA USA provided the loan for Eighteen Zero One. BankUnited was the lender for Restaurant Row refinancing.
Tal Bar-or of Lantern Company assisted PEBB with the Eighteen Zero One refinancing, while Maxx Carney and Daniel Rosenberg with BWE advised on the Restaurant Row transaction.
Located at 1801 N. Military Trail, Eighteen Zero One is a three-story, 61,188-square-foot multi-tenant office building with one of the area’s highest parking ratios, at 5.43 spaces per 1,000 square feet. PEBB acquired Eighteen Zero One in 2021 and has since substantially renovated the building’s lobby. It was built in 1999.
A 22,500-square-foot ground-up development, Restaurant Row is adjacent to Town Center at Boca Raton. Eateries include El Camino, Motek, Pubbelly Sushi and Stage Kitchen & Bar.
- ◦Financing
