PCCP LLC Provides $34M Acquisition Loan for Boca Raton Office Complex

BOCA RATON, FLA. — PCCP LLC has provided a $34 million acquisition loan for Fountain Square, a three-building, Class A office complex in Boca Raton totaling 241,000 square feet. CBRE and MHCapital Funding LLC arranged the loan on behalf of the buyer, Fountain Square Owner LLC. The buyer plans to lease up the office complex, which was 61 percent leased at the time of sale. Fountain Square Owner has retained NAI Merin Hunter Codman Inc. to handle the property’s leasing and management responsibilities.