JLL Brokers Secure $84.2M Construction Loan For West Palm Beach Mixed-use Property

The mixed-use property located at 805-1045 North Railroad Avenue in West Palm Beach spans 156,000 square feet. The property was involved in a loan transaction with Bank OZK. The landlords of the property are Ned Grace, Sam Grace, and Damien Barr of NDT Development, Joe Furst of Place Projects, Hunter Jones of Wheelock Street Capital, and BD Hotels.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $84,200,000
• Lender: Bank OZK
• Landlords: Ned Grace, Sam Grace, Damien Barr - NDT Development; Joe Furst - Place Projects; Hunter Jones - Wheelock Street Capital; BD Hotels
• Brokers: Steven Klein, Brian Gaswirth & Mateo Bolivar - JLL

The deal's key individuals include Ned Grace, Sam Grace, Damien Barr, Joe Furst, Hunter Jones, and the brokers Steven Klein, Brian Gaswirth, and Mateo Bolivar who represented the transaction. The diversity of the landlords and the involvement of Bank OZK in the construction loan showcase a collaborative effort in the West Palm Beach market.