Toburn Partners Secures $28.3M Loan For Motorola Solutions Office Building In Plantation

A $28.3 million loan has been secured by Toburn Partners from Wintrust Bank for the construction of a three-story office building in Plantation, Florida. The building will serve as a new location for Motorola Solutions, who will be relocating from an older building within the Plantation Pointe development. Other tenants in the development include Magic Leap, Chewy, and Envision Healthcare. The aim of the project is to accommodate Motorola's relocation and provide space for their operations.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,300,000
• Lender: Wintrust Bank
• Landlord: Michael Burns - Toburn Partners
• Loan Type: Construction Loan

Toburn Partners, represented by Michael Burns - Toburn Partners, successfully secured a $28.3 million loan from Wintrust Bank. The funds will be used for the construction of a three-story office building in Plantation, Florida. The project aims to provide a new location for Motorola Solutions and support their relocation efforts. It is part of the larger Plantation Pointe development, which is home to various prominent tenants including Magic Leap, Chewy, and Envision Healthcare.