Latest News – PEBB Enterprises

Butters Construction, PEBB Enterprises and Konsker Development Join Forces to Develop New Class A Office Project in Midtown Boca

Butters Construction & Development, Inc. (Butters), and PEBB Enterprises, two Boca Raton–based real estate firms with deep roots in the community, along with Konsker Development, are partnering to develop One Midtown, a brand-new Class A office project in one of the city’s most sought-after commercial districts. Designed to accommodate today’s evolving workplace needs, One Midtown … Continue reading “Butters Construction, PEBB Enterprises and Konsker Development Join Forces to Develop New Class A Office Project in Midtown Boca”

PEBB Enterprises, Banyan Development Complete Sale of Lowe’s Building at Shoppes at Southern Grove in Port St. Lucie’s Tradition Community

PEBB Enterprises and Banyan Development completed the successful sale of the 134,000-square-foot Lowe’s Home Improvement building, including its garden center, at Shoppes at Southern Grove in Port St. Lucie’s master-planned Tradition community. The transaction closed on June 9 at a sale price of $10.5 million. A. Duda & Sons Inc. purchased the property from PEBB … Continue reading “PEBB Enterprises, Banyan Development Complete Sale of Lowe’s Building at Shoppes at Southern Grove in Port St. Lucie’s Tradition Community”

Butters and PEBB Enterprises Acquire Boca Raton Office Buildings

Butters Construction & Development, Inc. (Butters) and PEBB Enterprises, two Boca Raton-based commercial real estate leaders, announced the successful acquisition of two office buildings in Boca Raton for $26.15 million. The transaction marks the first partnership between the two firms. The two multi-tenant office buildings total 59,667 square feet in one of Boca Raton’s busiest … Continue reading “Butters and PEBB Enterprises Acquire Boca Raton Office Buildings”

PEBB Enterprises Secures $35 Million Refinancing for Two Boca Raton Office Properties

PEBB Enterprises successfully closed on a $35 million refinancing for two of the firm’s Boca Raton office properties. The loan was provided by Citibank, N.A., which also served as the original lender on the assets. The refinancing includes Boca Corporate Plaza, an 89,336-square-foot Class A office building located at 7900 Glades Road, and 5900 Broken … Continue reading “PEBB Enterprises Secures $35 Million Refinancing for Two Boca Raton Office Properties”

BH Group and PEBB Enterprises Finalize New Office Lease with MDVIP at The Eclipse in Boca Raton

BH Group and PEBB Enterprises, the joint venture partners behind the transformative mixed-use redevelopment of The Eclipse in Boca Raton (formerly the Office Depot headquarters), executed a significant new office lease with MDVIP, a national leader in personalized primary care. MDVIP will occupy 49,466 square feet, moving its corporate headquarters to the ground floor of … Continue reading “BH Group and PEBB Enterprises Finalize New Office Lease with MDVIP at The Eclipse in Boca Raton”

PEBB Enterprises Closes Sale of Delray Landing in Delray Beach

PEBB Enterprises, a privately held, full-service real estate investment and development company, completed the successful sale of Delray Landing, a Sprouts-anchored neighborhood shopping center in Delray Beach. PEBB, in a joint venture with Cincinnati-based Topvalco Inc., sold the property for $30 million to 30 Realty LLC. The transaction closed on Jan. 22. Eric Williams and … Continue reading “PEBB Enterprises Closes Sale of Delray Landing in Delray Beach”

PEBB Enterprises Closes Office Property Sale in Fort Lauderdale’s Cypress Creek

PEBB Enterprises, a privately held, full-service real estate investment and development company, completed the disposition of the 6400 Building in Fort Lauderdale’s Cypress Creek neighborhood. The $11.93 million transaction closed on Dec. 17. JS Florida Ventures, LLC and HS Florida Ventures, LLC purchased the 55,241-square-foot office building at 6400 N. Andrews Ave. The building is … Continue reading “PEBB Enterprises Closes Office Property Sale in Fort Lauderdale’s Cypress Creek”

BH Group and PEBB Enterprises Secure $89.9 Million Financing for The Eclipse in Boca Raton

BH Group and PEBB Enterprises closed an $89.88 million financing transaction for The Eclipse, a mixed-use redevelopment, in Boca Raton (formerly known as the Office Depot headquarters). The new loan, provided by City National Bank, with participant Abanca, represents an increase in loan proceeds from $47 million to $89.88 million. The transaction closed on Nov. … Continue reading “BH Group and PEBB Enterprises Secure $89.9 Million Financing for The Eclipse in Boca Raton”

PEBB Enterprises, Contrarian Capital Close $17.4 Million Sale of Office Building at Meridian Park of Commerce

PEBB Enterprises, in partnership with Contrarian Capital, announces the $17.4 million disposition of a 70,400 square-foot office building within Boca Raton’s Meridian Park of Commerce. The price equated to $247 per square foot. The sale of the 6551 Park of Commerce Blvd. building closed on Oct. 23. It marks PEBB and Contrarian’s successful exit from … Continue reading “PEBB Enterprises, Contrarian Capital Close $17.4 Million Sale of Office Building at Meridian Park of Commerce”

PEBB Enterprises, Banyan Development Expand Treasure Coast Presence with New Commercial Real Estate Acquisition

PEBB Enterprises and Banyan Development continue to target the Treasure Coast region for strategic investment opportunities, with a particular focus on rapidly growing Port St. Lucie. In the latest example, the joint venture just closed on the $15.25 million purchase of a Class A industrial building in St. Lucie West Commerce Park. The 122,626-square-foot facility … Continue reading “PEBB Enterprises, Banyan Development Expand Treasure Coast Presence with New Commercial Real Estate Acquisition”