Courthouse Commons. Picture courtesy of JLL Capital Markets
FoxRock Properties has acquired $16.7 million in refinancing for Courthouse Commons, an 85,660-square-foot workplace constructing in West Palm Seaside, Fla. A JLL Capital Markets workforce led by Senior Director Jonathan Schneider labored on behalf of the borrower to safe the five-year, fixed-rate mortgage from Rockland Belief Co.
IP Capital Companions offered the property to FoxRock in 2018 for $22.8 million, based on CommercialEdge knowledge, which financed the acquisition with a $15.8 million mortgage originated by Residents Financial institution of Florida.
Accomplished in 2007, the five-story constructing has a metal body development kind and masonry exterior. The facilities at Courthouse Commons embody a foyer with granite and marble finishes, a café with indoor and out of doors seating, three passenger elevators, managed entry and a six-story parking storage with a pedestrian skywalk which offers direct entry to the County Courthouse.
The Class A workplace constructing is absolutely leased to 6 tenants, together with the Division of Homeland Safety, Granite Telecommunications, Slusher & Rosenblum, U.S. Drug Enforcement Administration and Burlington & Rockenbach.
Centrally situated at 444 W. Railroad Ave., Courthouse Commons is throughout from the Metropolis Corridor, in an space with an abundance of eating choices, retail facilities and leisure venues. Palm Seaside Worldwide Airport is just 4.4 miles away.
FoxRock has not too long ago secured a $17.3 million refinancing for an workplace and industrial property totaling 282,924 sq. toes in Lincoln, R.I. JLL’s Jonathan Schneider organized that deal as properly.
