Grover Corlew Secures $30 Million Loan From BankUnited For Office Park In Deerfield Beach

The asset involved is a 223,716-square-foot office property located at 600 & 700 West Hillsboro Boulevard in Deerfield Beach, Florida. The property is part of the Hillsboro Center, a Class A office park. The total loan amount secured for this asset is $30 million with a loan term of two years.

JLL Capital Markets was instrumental in arranging the senior loan from BankUnited, aiding Grover Corlew's strategy for continued property stabilization following a recent $10 million repositioning effort that raised occupancy levels significantly from 62% during the pandemic to 97%.