Reese Stigliano, President of Stigliano Commercial Real Estate, represented the landlord in the transaction.
The refinancing equates to roughly $566 per square foot.
The project will total nearly 360,000 square feet.
The two buildings total 157,510 square feet and are 87.6% leased.
The Colliers South Florida office leasing team, led by Senior Vice President Darcie Lunsford, has been chosen to handle leasing and marketing of the 137,000-square-foot, all-glass midrise.
The 58,614-square-foot office building dates back to 1982.
The 43,878-square-foot professional building located within PGA Station sold for $15.5 million.
The seller originally acquired the property in 2017 for $12.2 million.
The deal closed as-is with no inspections in just 30 days.
According to local brokers, asking rents in excess of $100 per square foot are prompting more companies to explore suburban alternatives. That shift is helping spark new office construction outside the urban core.
