The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
The 10-story building is considered one of the premier office properties in Boca Raton.
Plans for the parking lot include a 12-story, 100,000 square foot Class “A” office tower on top of structured parking.
Avison Young’s Florida Capital Markets Group negotiated the sales.
Transwestern Senior Managing Directors John Bell and Kevin Markwordt arranged the disposition on behalf of the undisclosed seller.
The price equated to $577 per square foot.
The lease deal includes an expansion of an additional 8,686 square feet. CLICK ON THE HEADLINE FOR MORE
Avison Young’s Greg Martin, Principal and Managing Director of the firm’s Fort Lauderdale operations; Justin Cope, Principal; and Lisa Blumer, Senior Associate, will lead leasing efforts on behalf of Sunrise-based GL Commercial. CLICK O ...
Recent renovation work includes a new lobby, café, conference center, outside seating/lounge area with new landscaping and installation of a Phenomenal Aire Series R Cold Plasma Generator which creates a plasma field within a HVAC system t ...
The 11-story office building totals 117,668 square feet.
