Investments Limited scores $67M loan for 13 SoFla properties

The commercial real estate company, led by James Batmasian, is one of Boca Raton’s largest commercial landlords

TRD MIAMI /
May.May 05, 2020 02:30 PM
Investments Limited’s James Batmasian and clockwise from top left: 22797-22749 State Road 7, Boca Raton; 601 Fairway Drive, Deerfield Beach; 23123 South State Road 7, Boca Raton; 22973-23071 South State Road 7, Boca Raton (Credit: Google Maps)

Investments Limited’s James Batmasian and clockwise from top left: 22797-22749 State Road 7, Boca Raton; 601 Fairway Drive, Deerfield Beach; 23123 South State Road 7, Boca Raton; 22973-23071 South State Road 7, Boca Raton (Credit: Google Maps)

UPDATED, May 5, 3:15 p.m.: Investments Limited nabbed a $67 million loan to refinance 13 of its commercial properties in South Florida.

The Boca Raton-based commercial real estate firm secured the loan from Miami-based Ocean Bank for office and retail properties in Boca Raton, Deerfield Beach, and Plantation, according to a press release.

The law firm Holland & Knight’s Josias Dewey and Brett Holland represented Ocean Bank in the financing. The Ocean Bank team was led by Juan Mendiola, Federico Tunnermann and Eddie Diaz.

The properties include:

  1. 22797 State Road 7, Boca Raton. A 65,100-square-foot site with a one-story, 14,400-square-foot retail center.
  2. 22749 State Road 7, Boca Raton. A 77,676-square-foot site with a one-story, 18,050-square-foot retail center.
  3. 23123 South State Road 7, Boca Raton. A 119,790-square-foot site with a three-story, multi-tenant office building with about 45,343 square feet.
  4. 22973-23071 South State Road 7, Boca Raton. A 7.19-acre site with a one-story, 71,524-square-foot Publix-anchored neighborhood center.
  5. 130 Northwest 20th Street, Boca Raton. A 99,578-square-foot site with a one-story, 35,804-square-foot multi-tenant industrial warehouse.
  6. 600 South Dixie Highway, Boca Raton. A 66,349-square-foot site with a two-story, 22,384-square-foot multi-tenant office building.
  7. 515 Northeast 20th Street, Boca Raton. A 2.81-acre site with a four building, one-story 30,683-square-foot retail center.
  8. 601 Fairway Drive, Deerfield Beach. A 2.71-acre site with a two-story, 37,460-square-foot single-tenant flex-building.
  9. 400-498 West Hillsboro Boulevard, Deerfield Beach. A 3.66-acre site with a one-story, 36,933-square-foot strip center.
  10. 1801-1825 West Hillsboro Boulevard Deerfield Beach. A 18,750-square-foot site with a one-story, 24,813-square-foot retail center.
  11. 1831-1919 West Hillsboro Boulevard, Deerfield Beach. A 349,191-square-foot site with a one-story, 57,100-square-foot strip center.
  12. 1799 West Hillsboro Boulevard, Deerfield Beach A 20,382-square-foot site with a one-story, 1,139-square-foot single-tenant Checkers restaurant.
  13. 1-199 North State Road 7, Plantation. A 411,565-square-foot site with a four building, one-story, 111,454-square-foot retail center.

Investments Limited, led by James Batmasian, is one of Boca Raton’s largest commercial landlords. The company has been active in the past few years in Broward and Palm Beach counties.

Last year, the company bought 70,524-square-foot Publix-anchored retail center in Boca Raton for $16 million.

In October 2018, Batmasian bought a retail strip center at 515 Northeast 20th Street in Boca Raton for $13.1 million.


Related Articles

arrow_forward_ios
311 East Key Palm Road, Mark S. Cosby (Credit: Google Maps)

Former CEO of Michaels sells Boca Raton mansion for $10M

Former CEO of Michaels sells Boca Raton mansion for $10M
John Pulichino and Joy Tong, 3621 Princeton Place (Credit: Google Maps)

Luggage designer sells waterfront Boca Raton mansion for $6M

Luggage designer sells waterfront Boca Raton mansion for $6M
Josh Zegen, Madison Realty Capital, Invesca CEO Chris Longsworth

Invesca scores $102M construction loan for two SoFla apartment projects

Invesca scores $102M construction loan for two SoFla apartment projects
Richard Paul Richman, founder and chairman of the Richman Group and 9260 Boca Vue Drive in Boca Raton (Credit: Google Maps)

Richman scores $57M loan to build apartments on Boca Raton golf course

Richman scores $57M loan to build apartments on Boca Raton golf course
Office Depot CEO CEO Gerry Smith and 6600 North Military Trail (Credit: Google Maps)

Office Depot snags $118M refi for Boca Raton HQ

Office Depot snags $118M refi for Boca Raton HQ
Beth Butler of Compass, 101 Renaissance Centre (Credit: Google Maps)

Compass plans to open new office in downtown Boca Raton

Compass plans to open new office in downtown Boca Raton
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
1717 Sabal Palm Drive, Steve Calkins (Credit: Premier Estate Properties/Youtube, and LinkedIn)

Former Office Depot exec sells Boca Raton home for $6M

Former Office Depot exec sells Boca Raton home for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...