Lincoln Property Lands $68M Refi in South Florida, Barclays provided the funds for this office campus

11/14/2024

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CPE

• Subcategory: Capital Markets: Debt, Office: Suburban

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Office: Midrise

• Company: Jones Lang LaSalle (NYSE: JLL), Lincoln Property Company (LPC), Barclays (NYSE: BCS)

Lincoln Property Co. has received $68.2 million in refinancing for Royal Palm I and II, two Class A office buildings totaling 465,592 square feet in Plantation, Fla. Barclays provided the fixed-rate loan, in a deal arranged by JLL Capital Markets.

Lincoln Property purchased the office campus in August 2014 for $128 million from Duke Realty, with the help of a $66.5 million acquisition loan originated by Metropolitan Life Insurance Co., according to CommercialEdge information.