Ameris Bank Provides $29.7M Loan For Office Buildings In Delray Beach

1615 South Congress Avenue, Delray Beach, Florida 33445, United States

$29,700,000

$168/SF

Building Size

175,965 SF

Asset Type

Office

Closing

Aug 14, 2022

AI

Two office properties in Delray Beach, located at 1615 & 1625 S Congress Ave, have been involved in a recent loan transaction. The properties have a combined square footage of 175,965 and sit on 12 acres of land. The loan amount for this transaction is $29,700,000.

Summary of transaction details

Property Type: Office
Transaction Amount: $29,700,000
Address: 1615 & 1625 S Congress Ave, Delray Beach
Square Footage: 175,965
Acres: 12

The lender for this loan transaction is Ameris Bank. The landlord of the properties is G&C Arbors Investors, LLC. Jason Hochman and Ron Granite from Cushman & Wakefield served as the brokers in the deal.

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