South Florida Business Journal An affiliate of Banyan Development has sold a 25,720-square-foot retail and medical-office building in Delray Beach, Fla., for $13.25 million, or about $515.16/sf. A company managed by Kenneth E. Gaul of Port Jefferson, N.Y., bought the ...
95 percent occupied. Seacoast National Bank provided a $6.4 million loan to the buyer.
BankUnited provided $26.5 million of financing for the deal.
Ares Commercial Real Estate Management provided the buyer with $22 million of financing.
Florida Community Bank provided $20 million of financing for the purchase.