CBRE Arranges Sale Of Three Assets In Boca Raton
All three properties were fully leased at the time of sale and were previously owned by one private investor who sold each property to a different buyer.
All three properties were fully leased at the time of sale and were previously owned by one private investor who sold each property to a different buyer.
The development property consists of office, multifamily and retail elements.
The building features 10,000 square feet of restaurant and retail space on the ground floor, five parking levels and five floors of luxury offices. The condo units run from 1,097 – 6,618 square feet, with 57 units available.
Landy Toledo sourced the seller of the off market site, as well as the buyer, a private investor.
Stiles new Director of Retail and Commercial Development – West Coast will focus on development opportunities for both ground-up and redevelopment of all commercial property types.
A 32-year commercial real estate development veteran, Butters is regarded as one of the most active and innovative developers in the state and a pioneer in elevating the architectural standards for commercial buildings.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
Colliers South Florida represented the landlord, Nuveen Real Estate, in the lease transactions.
Here are the most popular news headlines this past week on CRE-sources.
Local downtown real estate investor Shai Ben Ami, Broker-Principal of Urban Core, represented Centro Retail Downtown, an entity managed by Ben-Ami along with Israeli public company partner Mishorim Investments, as well as the buyer, Ocean Bank, in the sale and purchase.
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