 |
| Mark Corlew |
BOCA RATON, FL – G&C
Sabre Investors LLC, an affiliate of real estate investment group Grover
Corlew, has refinanced Sabre Centre I
in Boca Raton, Fla. for $12.3 million through lender RAIT Partnership, LP.
“We closed on the
refinancing in connection with our August acquisition of Sabre Centre I, taking
advantage of a favorable financing environment while rates are at historic
lows,” said Partner Mark Corlew, whose group focuses on acquiring, developing and
operating office, retail and multi-family properties across the Southeast U.S.
“With full floor
availability overlooking the Park of Broken Sound golf course and potential
signage opportunities, we were attracted to this high-end building that is
surrounded by 700 acres of open green space with walking trails, lakes and
waterways.”
Within the next year,
G&C Sabre Investors LLC plans to spend more than $250,000 in common area
upgrades at Sabre Centre I, a 102,351 sq.-ft., six-story, Class-A office
building located at 5901 Broken Sound Parkway within the Park at Broken Sound.
The building sits on six
acres with golf course and lake views and an abundance of free surface parking.
Built in 1986, Sabre Centre I is ideally situated in a highly desirable
residential, business and technology corridor and is strategically located just
off I-95 and Yamato Road within Palm Beach County’s best-known business park.
 |
| Darcie Lunsford |
“The location and
efficient spaces naturally lend themselves to corporate headquarters,
technology companies, professional service firms and regional operation hubs
that need to be strategically positioned to serve the tri-county area and draw
from the abundant and highly skilled labor force living in Palm Beach and
Broward counties,” said Darcie Lunsford,
leasing agent to Sabre Center I. “Sabre Center I is already one of the top
buildings in the north Boca Raton office market and the planned renovations
will take it to the next level.”
G&C Sabre Investors
LLC originally acquired Sabre Centre I for $14.5 million. The building is
currently 77 percent leased with tenants from various industries such as
financial services and sports nutrition
For a complete copy of the company’s
news release, please contact:
Samantha Van Nuys
Pierson Grant Public
Relations
954-776-1999, ext. 115
No comments:
Post a Comment