PEBB Enterprises closed on a $35 million refinancing for two of the firm’s Boca Raton office properties. The loan was provided by Citibank, N.A., which also served as the original lender on the assets.
The refinancing includes Boca Corporate Plaza, an 89,336-square-foot Class A office building located at 7900 Glades Road, and 5900 Broken Sound Parkway, a 77,340-square-foot Class A office building within the Park at Broken Sound business park. The transaction closed on March 12.
Boca Corporate Plaza is a six-story office building featuring water and golf course views, recently upgraded lobby and common areas, and convenient access to Glades Road and Florida’s Turnpike…