Palm Beach Commerce Center secures $17.325 million loan
Hernandez says the industrial project began site work in October and is expected to deliver in 2027.
Key Takeaways
- •The $17.325 million loan closed Oct. 26, according to Hernandez.
- •The planned building totals 93,556 square feet at 8530 Belvedere Road.
- •Site work began in October, with delivery expected in the third quarter of 2027.
Pinnacle Financial Partners is the lender for the planned 93,556-square-foot building at 8530 Belvedere Road in unincorporated Palm Beach County. Hernandez says site work began in October and delivery is expected in the third quarter of 2027.
The company’s plan calls for 84,200 square feet of warehouse space and 9,356 square feet of office space, with a 32-foot clear height. Hernandez Construction is the general contractor and CBRE is the leasing broker.
