Boca Raton mixed-use project scores $74M Bank OZK construction loan

A Compson Associates-led joint venture landed a $74 million construction loan for a planned mixed-use complex in Palm Beach County that started construction last month. Little Rock, Arkansas-based Bank Ozk provided the financing for The Aletto, which consists of two 10-story mid-rises with 140,000 square feet of retail and office space on a 1.3-acre site at 119 East Palmetto Park Road in Boca Raton, according to records and a news release. The project also includes a 550-space parking garage.  Boca Raton-based Compson, led by Robert D’Angelo and Carl E. Klepper, Jr., is partnering with West Palm Beach-based North American Development […]This article originally appeared on The Real Deal. Click here to read the full story.