CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
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Here are the most popular news headlines this past week on CRE-sources.
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
At $415 per square foot, the transaction set a new price per square foot record for the submarket.
The buyer is affiliated with Florida East Coast Realty.
The purchase of the 474,109 square foot complex equates to $160 per square foot.
The company plans to hire brokers for all commercial real estate sectors.
ODP Corp.’s amended lease ensures that the company’s global headquarters will remain in Boca Raton at 6600 North Military Trail until at least 2033.
At 1.1-million square feet, Building 1 at the complex is the largest speculative building in Southeast Florida.
“The exceptional 22-acre hard corner location provides new ownership with the potential to add additional outparcels and develop up to 225 units of multifamily housing.”
The 15,090-square-foot building includes 3,000 square feet of executive office space with 22’ high ceilings. The property also has four (4) dock-height doors with a covered loading platform.
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