Ocean Bank announced it provided $12.7 million to global clothing designer, distributor and licensor Perry Ellis for a warehouse complex in Seneca.
The borrower is Perry Ellis Real Estate, a division of Perry Ellis International, whose apparel portfolio of more than two dozen brands and licensing trademarks includes Ben Hogan®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist® and Farah, Nike® for swimwear, and Callaway®, PGA TOUR® and Jack Nicklaus® for golf apparel.
The property includes a 355,269-square-foot owner-occupied warehouse on a 35-acre parcel.
“We are pleased to provide this financing for Perry Ellis and grow our multi-year relationship with them,” said Rogelio Villarreal, executive vice president and Head of Commercial Lending for Ocean Bank.
Senior Vice President and Relationship Manager Miguel Montaner arranged the loan for the bank.
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