Dockerty Romer & Co. Lines Up Financing for Class A Property
- Sep 07, 2016
Miami—Joe Hepp, director at Delray Beach, Fla.-based Dockerty Romer & Co. has secured $4.7 million in financing for a 30,000-square-foot, Class A office building in Port St. Lucie, Fla. Known as Westview Plaza, the property is situated at 1850 SW Fountainview Blvd., within the St. Lucie West master-planned community.
The asset is currently 88 percent occupied by tenants such as Keyes Real Estate, Tenet Healthcare, Pediatric Associates and Comcast, among others.
Hepp handled the financing on behalf of PSL 1850 LLC, through conduit lender Rialto Capital. The loan proceeds were used for the acquisition and allowed the owner to 1031 exchange the proceeds received from a previous sale.
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