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.
The project will feature 140,000 square feet of premier office, retail, and hospitality space.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.
The tenants will be relocating from other parts of the market, ranging in size from approximately 2,000 to over 6,400 square feet.
The 15,737-square-foot headquarters lease marks Stream Florida’s fifth Boca Raton deal in 2025, totaling approximately 150,000 square feet, with additional transactions anticipated to close by the end of the year.
The property totals roughly 221,700 square feet and includes a four-story parking garage with 669 spaces. About 20 percent of the office space is currently available for lease.
