ACORE Provides $87.2M Construction Loan For West Palm Beach Office Project

Brand Atlantic Real Estate Partners and Wheelock Street Capital have secured a $87.2 million construction loan for an office building located at 300 Banyan Blvd in West Palm Beach. The property spans 160,000 square feet and is owned by Brand Atlantic Real Estate Partners and Wheelock Street Capital.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $87,200,000
• Address: 300 Banyan Blvd
• Market: West Palm Beach
• Lender: ACORE - Warren de Haan
• Landlord: Brand Atlantic Real Estate Partners - Andrew Dance & Wheelock Street Capital - Rick Kleeman
• Brokers: Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Danny Matz & Dan Morin - Newmark
• Loan Type: Construction

The loan was provided by ACORE, with Warren de Haan serving as the lender. The landlord, Brand Atlantic Real Estate Partners and Wheelock Street Capital, collaborated on securing the loan. The brokerage team involved in the transaction includes Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Danny Matz, and Dan Morin, all from Newmark.