{"id":1004417452,"date":"2020-04-16T02:18:45","date_gmt":"2020-04-16T10:18:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004417452"},"modified":"2020-04-16T02:18:45","modified_gmt":"2020-04-16T10:18:45","slug":"south-florida-office-tower-gets-39m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/south-florida-office-tower-gets-39m-refi\/","title":{"rendered":"South Florida Office Tower Gets $39M Refi"},"content":{"rendered":"<div id=\"attachment_1004417458\" style=\"width: 210px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/One-Clearlake.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004417458\" data-attachment-id=\"1004417458\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/south-florida-office-tower-gets-39m-refi\/oneclearlake\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/One-Clearlake.jpg\" data-orig-size=\"667,1000\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;13&quot;,&quot;credit&quot;:&quot;Raul C. Pedroso&quot;,&quot;camera&quot;:&quot;ILCE-7RM2&quot;,&quot;caption&quot;:&quot;OneClearLake&quot;,&quot;created_timestamp&quot;:&quot;1559318778&quot;,&quot;copyright&quot;:&quot;Raul C. Pedroso&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;OneClearLake&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"One Clearlake\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Clearlake. &lt;i&gt;Image courtesy of JLL&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/One-Clearlake.jpg?w=667\" class=\"wp-image-1004417458 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/One-Clearlake.jpg\" alt=\"\" width=\"200\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/One-Clearlake.jpg 667w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/One-Clearlake.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><p id=\"caption-attachment-1004417458\" class=\"wp-caption-text\">One Clearlake. <i>Image courtesy of JLL<\/i><\/p><\/div>\n<p>A partnership between Velocis and CREC Capital has taken a $39 million refinancing package for One Clearlake, a 221,079-square-foot, Class A office tower in West Palm Beach, Fla. JLL Capital Markets assisted the borrower in securing the note from Prime Finance. The joint venture had acquired the property for $42.3 million from AEW Capital Management in 2017, according to Yardi Matrix.<\/p>\n<p>Located on 3 acres at 250 S. Australian Ave., the 22-story tower delivered in 1987, with major capital improvements completed in 2008, Yardi Matrix shows. The owner also recently finished a multi-million dollar update of the asset, which was awarded LEED Gold certification in 2018. Amenities include a tenant lounge, on-site caf\u00e9 and fitness center. The property is 2 miles from Interstate 95 and some 3 miles from Palm Beach International Airport.<\/p>\n<p>JLL Director Maxx Carney, Senior Managing Director Chris Drew, Senior Director Ike Ojala and Analyst Cody Brais brokered the financing. Earlier this week, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/jacksonville-office-asset-lands-20m-refi\/\">arranged another $20 million loan<\/a> from Prime Finance for a 160,000-square-foot Class A office building in Jacksonville, Fla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following extensive renovations, the 22-story, Class A building received a LEED Gold certification in 2018.<\/p>\n","protected":false},"author":867,"featured_media":1004417479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1492,21742,21747],"tags":[33758,36351,35028,32796,32779,39251],"class_list":["post-1004417452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-miami","category-latest","category-office","tag-aew-capital-management","tag-capital-improvement","tag-ike-ojala","tag-jll","tag-leed","tag-prime-finance-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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