Gatsby lands $100M refi for Palm Beach Gardens offices
Gatsby Florida scored a $100.4 million refinancing for one Palm Beach County’s largest suburban office complex. Cirrus Real Estate Partners provided a three-year, floating-rate loan to the company for DiVosta Towers in Palm Beach Gardens, a 220,000-square-foot Class A office campus at 3825 and 3835 PGA Boulevard, according to a news release. Berkadia’s Charles Foschini, Scott Wadler and Shannon Wilson represented Gatsby in arranging the loan, which will be used to refinance the mortgage Berkadia brokered in 2022. The pair of 11-story office buildings were completed in 2019 and 2020 by the DiVosta family, and at the time marked one […]This article originally appeared on The Real Deal. Click here to read the full story.
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