PEBB Enterprises Sells Boca Raton Office Building For $14 Million
The $14 million sale was an off-market deal.
The $14 million sale was an off-market deal.
The first phase of the development will feature 180,000 square feet of creative office space in the East Building, along with 600 multifamily residential units. Additionally, experiential retail spaces will anchor the base of every building, encompassing approximately 80,000 square feet, with the total project size reaching over 800,000 square feet.
Rossen Law Firm acquired the unit for $2,115,000 or $346 per square foot and will establish its new headquarters at the location.
Here are the most popular news headlines this past week on CRE-sources.
The restaurant will occupy nearly 17,000 square feet.
Christina Jolley of Blanca CRE represented the landlord in this lease renewal, while Adam Bernstein and Zach Wendelin of JLL represented the tenant.
Here are the most popular news headlines this past week on CRE-sources.
Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, acquired the asset, marking the most significant office acquisition in Broward County in the past decade.
The deal marks the first time in nearly a decade that a Fort Lauderdale office building has sold for over $200 million.
The approved site plan encompasses over 405,000 square feet of office space in two buildings, four new retail and restaurant outparcel buildings totaling nearly 43,000 square feet, a nearly 37,000-square-foot luxury fitness facility and 500 multifamily units.
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