The 10-story building is considered one of the premier office properties in Boca Raton.
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The 18-story tower was repositioned from a Class B to a Class A asset and is currently 61% leased.
The project will have a total cost of $25.4 million, consisting of a pair of five-story apartment buildings spread between 3.5 acres of land on the border of Miami-Dade and Broward County.
The renowned international soccer program, which is affiliated with the prominent Italian professional club Juventus F.C., is set to open a nearly one-acre facility within the third phase of Atlantic Village.
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The property consists of one recently developed rear-load 32-foot clear industrial distribution building containing approximately 221,000 square feet on 11.4 acres.
The sale was a classic value-add opportunity with rents at 10-20% below market for small bay warehouses.
The plaza totals 11,975 square feet.
Bridge’s growing South Florida asset management portfolio currently spans 5 MSF+ of Class-A industrial space.
The 240,669-square-foot building was 95% leased at the time of the sale.
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