Related Ross, JZ Capital Partners and Greenmont Group closed a $145 million refinancing for Esperanté, a 17-story, 256,000-square-foot Class A office building located in West Palm Beach’s Flagler waterfront district. The financing was provided by Hudson Bay Capital Management and facilitated by Eastdil Secured.
Recently updated through an $8 million renovation, Esperanté features expansive waterfront views, fitness, conference facilities, and walkable access to the city’s downtown district. The office asset is 100 percent leased and home to a roster including Bank of America, Balyasny Asset Management, and Blue Sea Capital. The building sits adjacent to One Flagler and Phillips Point, anchoring a thriving office ecosystem along the waterfront.
Designed by Gensler, the building was built in 1989. Amenities include 24/7 building security, valet service, fitness center, conference center, and close proximity to the area’s best shopping, dining, and entertainment.Â
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