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RedSky, JZ Capital Secure $115M for West Palm Beach Trophy Tower

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RedSky Capital and JZ Capital Partners secured $115 million in financing for Esperanté Corporate Center, a 255,984-square-foot, trophy office tower in West Palm Beach, FL. One of only three Class AA office towers in West Palm Beach, the asset is the market’s newest and most sophisticated office building following a renovation that was completed in Q1 2018.

The 20-story property offers water views and has attracted a blue-chip roster of banking, financial and legal services firms including Bank of America, Holland & Knight, and Chatham Lodging Trust. Located at 222 Lakeview Ave. in the heart of downtown West Palm Beach, the building is situated across the Intracoastal Waterway from the island of Palm Beach.

HFF’s Chris Drew, Hermen Rodriguez and Maxx Carney worked on behalf of the borrower to secure a fixed-rate senior loan through Apollo Global Management on behalf of a managed account, and a fixed-rate mezzanine loan through a life insurance company.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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