Lincoln Property has secured $68.2 million in refinancing for Royal Palm I and II, a two-building class A office complex totaling 465,592 square feet in Plantation, Fla.
JLL worked on behalf of the borrower to secure the fixed-rate refinancing through Barclays.
Royal Palm I and II is a premier office complex located at 850, 900, 950 and 1000 S. Pine Island Rd. in the heart of Plantation. The 25.4-acre site has direct access to Interstate 595 and the Florida Turnpike, providing regional connectivity throughout Southern Florida.
Constructed between 2001 and 2007, Royal Palm I and II consists of two trophy towers standing eight and nine stories tall and a four-level, 1,927-space parking garage. The property has undergone significant capital upgrades and boasts state-of-the-art amenities, including modern conference rooms, a full fitness center, wellness room and other tenant services.
