Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
Christian Lee, José Lobón and Marcos Minaya of CBRE Capital Markets, and Jay Adams with Newmark represented the seller, Encore Capital Management, in the transaction. CLICK ON THE HEADLINE FOR MORE
Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented the law firm in the lease transaction.
The team comes to CBRE from Cushman & Wakefield’s Boca Raton office.
The company is slated to take occupancy this month.
Formerly of Marcus and Millichap, the pair has been chosen to lead the newly formed ‘ROI Partners’ (Retail, Office, and Industrial) at SVNCP.
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.
