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

ACORE provided a construction loan of $87,200,000 for the property located at 300 Banyan Blvd in West Palm Beach. The asset is an office building with a size of 160,000 square feet. The loan was secured on 07/29/2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $87,200,000
• Address: 300 Banyan Blvd, West Palm Beach
• 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

The loan was provided by ACORE, with Warren de Haan representing them. The landlord of the property is Brand Atlantic Real Estate Partners, represented by Andrew Dance, and Wheelock Street Capital, represented by Rick Kleeman. The brokers involved in the deal are Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Danny Matz, and Dan Morin from Newmark.