Jim Dillavou Of Lincoln Property Company Secures $68.2 Million Refinance For Royal Palm Office Park

The property involved in this transaction is an office complex known as Royal Palm Office Park, located at 1000 South Pine Island Road & 900 South Pine Island Road in Plantation, FL. The asset comprises 465,000 square feet and sits on 25 acres of land. The refinancing amount secured for this property is $68.2 million, provided by Barclays Bank through a fixed-rate loan.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $68,200,000
• Loan Type: Refinance
• Lender: Barclays Bank
• Landlord: Jim Dillavou - Lincoln Property Company
• Brokers: Maddy McMillen & Paul Stasaitis - JLL
• Notable Tenants: Brookfield Corporation, Atlas Renewable Energy USA
• Leases Secured: 56,100 SF

Maddy McMillen and Paul Stasaitis, representing JLL, facilitated the refinancing deal for the landlord, Jim Dillavou of Lincoln Property Company. The Royal Palm Office Park is notable for housing significant tenants such as Brookfield Corporation and Atlas Renewable Energy USA. Recent property upgrades have allowed for new leases, indicating a strategic focus on tenant retention and expansion.