A South Florida office tower is set for refinancing after the building's joint venture secured a $96 million loan.

Northbridge Centre's JV ownership includes Vanderbilt Office Properties and Trinity Capital Advisors. The property at 515 North Flager in West Palm Beach spans 294,493 square feet, with 21 stories.

BMO originated the loan, while CBRE secured the refinancing for the JV.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Office