Siemens Financial And First Horizon Provide $64.8 Million Loan For Sina Companies Development In Palm Beach Gardens

The property asset involved is a development site located at 12001 Northlake Boulevard in Palm Beach Gardens, FL. This asset spans 101,517 square feet and is designated for the construction of a hospital and medical outpatient project known as Health Park at Avenir.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $64,800,000
• Lender: Siemens Financial & First Horizon
• Landlord: Malcolm Sina - Sina Companies
• Brokers: Ezra Katz & Sean Harrington - Aztec Group
• Loan Type: Construction
• Market: Palm Beach Gardens, FL
• Lease Status: Fully leased, anchored by Jupiter Medical Center

This transaction involved key individuals and entities: Malcolm Sina, representing Sina Companies, as the landlord; Ezra Katz and Sean Harrington from Aztec Group acted as brokers in this construction loan deal, positioning the project for future expansion beyond the initial plans of a two-story neighborhood hospital and a three-story medical office building.