News

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. BankUnited was the lender for Restaurant Row refinancing.

Tal Bar-or of Lantern Company assisted PEBB with the Eighteen Zero One refinancing, while Maxx Carney and Daniel Rosenberg with BWE advised on the Restaurant Row transaction.

Located at 1801 N. Military Trail, Eighteen Zero One is a three-story, 61,188-square-foot multi-tenant office building with one of the area’s highest parking ratios at 5.43 spaces per 1,000 square feet. The property features a 280-space structured parking garage, which is one of the few such amenities in Midtown Boca. It also has 52 surface parking spaces.

PEBB acquired Eighteen Zero One in 2021 and has since substantially renovated the building’s lobby, common areas, bathrooms and landscaping. Built in 1999, Eighteen Zero One’s tenancy includes Cozen O’Connor, P.C., DarrowEverett LLP, First Horizon National Bank, Hersh Kirtman, PLLC and Morgan Stanley.

A 22,500-square-foot ground-up development, Restaurant Row is adjacent to Town Center at Boca Raton. The project is also just minutes away from more than 2.5 million square feet of office space and four hotels. The property sits at the base of the 145,000-square-foot Two Town Center office tower, further enhancing its visibility and strategic location.

Restaurant Row has easy access to I-95, which gives tenants the ability to service customers from West Palm Beach to Fort Lauderdale. PEBB fully leased the project to an exciting mix of tenants: El Camino, Motek, Pubbelly Sushi and Stage Kitchen & Bar.

“These successful refinancings speak to the strength of our assets, our team, and our long-term vision for Boca Raton,” said Eric Hochman, Chief Investment Officer of PEBB Enterprises. “At Eighteen Zero One, we’ve transformed a well-located boutique office building into a premier destination for high-caliber office tenants. With Restaurant Row, we curated a dynamic lineup of culinary concepts that align with the area’s upscale energy and demand. These transactions position both properties for long-term success and underscore our commitment to thoughtful execution.”