$30M financing arranged for Deerfield Beach, FL, office park
United States, July 7 -- JLL Capital Markets announced today that it has arranged $30 million in financing for Hillsboro Center, a Class A office park totaling 223,716 square feet in Deerfield Beach, Florida.JLL worked on behalf of the borrower, Grover Corlew, to secure the two-year senior loan with BankUnited, Inc.Grover Corlew acquired Hillsboro Center in 2019 and has invested $10 million over the last three years to renovate and reposition the asset. The building, which dropped to a low of 62% leased during the pandemic, now stands at 97% occupied with a diversified tenant roster comprising 43 tenants in 15 distinct industries. The two buildings offer a state-of-the-art fitness center, a tenant lounge and an on-site parking garage. In ad...
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