Cushman & Wakefield Arranges $18M Loan On Boca Raton Office Building

1499 Palmetto Place, an office property located in Boca Raton, was involved in a closed transaction on March 18, 2021. The property spans across 269,000 square feet and is owned by Grover Corlew.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $18,000,000
• Market: Boca Raton

The loan for this transaction was provided by Grant Street, a fixed-rate, non-recourse loan. Cushman & Wakefield represented both parties in the deal, with Jason Hochman, Mike Ciadella, and Ron Granite serving as the brokers.