JLL Secures $16.65M Refinancing For Fully Leased West Palm Beach Office Building

Courthouse Commons, a fully leased office building located in West Palm Beach, Florida, has secured a $16.65 million refinancing. The five-year, fixed-rate loan was arranged by JLL Capital Markets on behalf of borrower FoxRock Properties through Rockland Trust Company. The loan will be used to refinance the 85,660 square foot building, which is home to six tenants, including the Department of Homeland Security and Granite Telecommunications.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,650,000
• Address: 444 W. Railroad Ave
• Market: West Palm Beach
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate loan
• Lender: Rockland Trust Company
• Landlord: FoxRock Properties
• Broker: Jonathan Schneider - JLL

JLL Capital Markets successfully facilitated the refinancing deal for Courthouse Commons. The building, currently fully leased, provides office space to a diverse range of tenants, including prominent organizations such as the Department of Homeland Security and Granite Telecommunications. The refinancing, arranged by Jonathan Schneider of JLL on behalf of borrower FoxRock Properties, was secured through Rockland Trust Company.