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.
Recent Posts
To build or to buy? After uproar over price, Fort Lauderdale city hall proposal back for a vote
Vacant lot from Bob Vila’s former Palm Beach estate fetches $39M
Simon plans “main street” mixed-use project at shuttered Sears site in Boca
Miami Beach advances Robert Rivani’s $50M office rooftop expansion
Miami-Dade schools revives HQ land swap with Crescent Heights
Inside the debate over Related Ross exec’s West Palm board nomination
Real estate fraud ringleaders sent to prison, SEC targets sales agent in case
South Florida’s top deals: Palm Beach property trades for $39M
Tips for Residential Sales with a Tenant-Occupied Property
Case of the TBD Escrow Agent
