The company is slated to take occupancy this month.
The agency signed on for a 10-year term.
As part of the agreement, Boynton Beach’s Department of Economic Development and Strategy will provide a one-time $50,0000 grant for programming within the space.
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
