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| Peninsula Executive Center, Boca Raton, FL |
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| Chris Drew |
HFF marketed the property
on behalf of the seller and procured the buyer, C. Talanian Realty Co. Additionally, HFF worked on behalf of the new
owner to secure the long-term, fixed-rate financing through Principal Real
Estate Investors.
Peninsula Executive Center
consists of two four-story office buildings and a 742-space parking structure
located at 2381 and 2385 Executive Center Drive in Boca Raton.
This location is centrally
located in the heart of Boca Raton’s most coveted office submarkets and
adjacent to the Midtown Boca district.
Additionally, the property is surrounded by an abundant amount of
executive housing and amenities, including Town Center Mall and University
Commons. The property is currently 97
percent leased and is anchored by Newell Brands.
 |
| Hermen Rodriguez |
“This acquisition marks
the first major investment in South Florida by C. Talanian Realty Co.,” said
Drew. “The buyer was attracted this
opportunity due to its main and main location within the heart of Boca and the
durable long-term cash flow.
“A number of balance sheet
lenders aggressively pursued this opportunity; however, Principal was
ultimately selected due to their deep knowledge of the Boca office market and
their ability to structure a creative financing solution.”
Rodriguez added, “This was
a highly sought after investment opportunity in the very dynamic West Boca
office market.”
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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