TJAC Development Secures $99M Loan For Mixed-Use Property In Boca Raton

A mixed-use property located at 7000-7700 West Camino Real, 6909 Southwest 18th Street, 7000 West Palmetto Park Road, and 21301 Powerline Road in Boca Raton has been subject to a recent transaction. The property, spanning 514,500 square feet and sitting on 46.5 acres, has attracted attention from various parties.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $99,000,000
• Lender: Citigroup & Bank of America
• Landlord: TJAC Development
• Brokers: Israel Schubert, Noam Kaminetzky & Scott Forbes - Meridian Capital Group
• Loan Terms: Five-year, interest-only

The lenders involved in this deal include Citigroup and Bank of America, providing a loan amount of $99,000,000. TJAC Development serves as the landlord for the property. The transaction was facilitated by Israel Schubert, Noam Kaminetzky, and Scott Forbes from the Meridian Capital Group.