Plantation's A.C.E.S. Building Gets $9.3M for Upgrades

MIAMI-Union Bank provides the financing at a low 4% interest rate. The funding is for a $13-million conversion and renovation of the 88,000-sf building, formerly occupied by Levitz.

By Melissa Bogdany | November 07, 2002 at 01:01 AM

The financing was arranged by Atlanta-based Primary Capital Advisors, a real estate finance and service company, with an initial interest rate in the low 4% range. "We recognized the potential of the property, the strong market and the quality of having a long-term lease in order to secure financing," Todd Cohen, vice president and manager of Primary Capital's Florida operation, said in a statement. The property owner is 7795 Development Corp., a Margate, FL-based investor.

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