The tenant leased the entirety of Building Two and half of Building One.
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 transaction was brokered by Jordan Gimelstein and David Spitz of Koniver Stern Group.
The buildings total 252,244 square feet.
Skyler Marinoff represented both the buyer and seller in the off-market transaction.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
Canopî will feature a variety of restaurant and entertainment concepts and a mix of retail and creative offices.
Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Lombardi Properties and Bayshore Investment Partners.
Larry Dinner of CBRE is the leasing representative for IDI Logistics for the new building.
Steven Hurwitz, managing director with JLL, represented the landlord partnership in the transactions.
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