X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the debt and equity markets.)

FORT MYERS, FL-Atlanta-based Songy Partners LLC has secured a $29-million construction loan for the first two office buildings at Forum Corporate Park on Interstate 75 between SR-82 and Colonial Boulevard. Songy acquired 41.5 acres for the project, which calls for up to 460,584 sf in seven buildings, in November.

CBRE Melody South Florida office managing director Charles Foschini, CB Richard Ellis Institutional Group vice chairman Christian Lee and CBRE Melody vice president Christopher Apone arranged the financing through a correspondent lender on behalf of Songy Partners. Atlanta-based Cooper Carry is the architect of record for the project, Owen-Ames-Kimball Co. is the general contractor and Johnson Engineering is the civil engineer.

Forum Corporate Park is part of a 706-acre mixed used development called the Forum at Fort Myers. The project is being undertaken by ABG LLC, a company led by Miami Heat basketball coach Pat Riley. Work began on the development in 2003.

Songy Partners recently signed Rasmussen College, Inc. to a 10-year lease for 18,500 sf at one of the buildings, a three-story 60,000-sf building located at 9160 Forum Corporate Parkway. The building is expected to be completed in February 2008. A second, four-story, 80,000-sf building is expected to be completed by the end of 2008. No leases have been signed at the second building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.