Project Update

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 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 and Banyan Development significantly enhanced the joint venture’s Shoppes at Southern Grove project in Port St. Lucie’s master-planned Tradition community with the addition of home improvement retailer Lowe’s. Construction of the 134,000-square-foot Lowe’s store at Shoppes at Southern Grove is underway, with a projected opening in 2026. The Lowe’s at Shoppes at Southern … Continue reading “PEBB Enterprises, Banyan Development Bring Lowe’s to New Retail Project in Port St. Lucie’s Tradition”

Beachwalk Retail Center LLC, a partnership between PEBB Enterprises and Falcone Group, continued generating momentum at its transformative Beachwalk mixed-use project near Jacksonville with several new property sales. The joint venture closed the sale of three outparcels in separate transactions with a combined price of $14.8 million. PEBB and Falcone completed the following sales at … Continue reading “PEBB Enterprises, Falcone Group Close Several Property Sales at Major Beachwalk Development”

Banyan Development and PEBB Enterprises completed numerous new leases and a sale transaction at the Research Park at Florida Atlantic University, a premier hub for technology, innovation, and entrepreneurship in South Florida. The companies have a long-term ground leasehold interest in the Park’s office buildings. After approval of the proposed use of Malema Engineering Corporation … Continue reading “Research Park at Florida Atlantic University Announces Several New Transactions”

PEBB Enterprises and Banyan Development closed on the $14.75 million sale of Boca Lake, a mixed-use site in Boca Raton, through two separate transactions. Strategically located at 7800, 7820, 7860 and 7880 Glades Road, Boca Lake includes a two-story, 30,930-square-foot retail/office building, a 5,300-square-foot event space, and a 5,000-square-foot Bank OZK branch. It is adjacent … Continue reading “PEBB Enterprises, Banyan Development Close Successful Disposition of Boca Raton Mixed-Use Site”

PEBB Enterprises, a Boca Raton-based private equity real estate investment company, has successfully completed refinancings for two of the company’s assets in its home base of Boca Raton. PEBB closed a $16 million refinancing for Eighteen Zero One and a $13.9 million refinancing for Restaurant Row. ABANCA USA provided the loan for Eighteen Zero One. … Continue reading “PEBB Enterprises Closes Over $29 Million in Refinancings for Boca Raton Portfolio”

PEBB Enterprises, in partnership with Contrarian Capital Management, has sold a 61,274-square-foot office building at the Meridian Office Center in Boca Raton. The $14 million sale was an off-market deal for the single-tenant office building that is currently occupied by Lexis Nexis. The buyer is 6601 Park of Commerce Holdings, LLP. PEBB Enterprises and Contrarian … Continue reading “PEBB Enterprises Sells Boca Raton Office Building for $14 Million with Partner Contrarian Capital Management”

BH Group, PEBB Enterprises and Related Group secured final site plan approval from the City of Boca Raton Council for its 6600 N. Military Trail mixed-use redevelopment in Boca Raton. This critical approval enables the partnership to move forward with obtaining building permits and starting construction on the impactful phased project. Boca Raton council members … Continue reading “BH Group, PEBB Enterprises, Related Group Obtain Final Site Plan Approval for 6600 N. Military Trail”