Pebb Enterprises, LLC and Tortoise Propane, L.P. acquired 171,489 square feet property at 1501 Yamato Road in Boca Raton from RAIT Financial Trust (OTCPK:RASF) for $42 million on June 20, 2018. Pebb and Tortoise acquired the property at $245 per square foot. Pebb and Tortoise secured a $28.6 million, non-recourse acquisition loan to finance the transaction. Scott O’Donnell, Michael Lerner, Rick Brugge, Mike Davis and Greg Miller of Cushman & Wakefield acted as real estate advisor to RAIT Financial. Jason Hochman of Cushman & Wakefield’s Equity, Debt & Structured Finance Group assisted Pebb and Tortoise in arranging financing. Pebb Enterprises, LLC and Tortoise Propane, L.P. completed the acquisition of 171,489 square feet property at 1501 Yamato Road in Boca Raton from RAIT Financial Trust (OTCPK:RASF) on June 20, 2018.