Boca Office Building Trades At $18 Million Loss
The asset last sold for $99.5 million.
The asset last sold for $99.5 million.
Located at 3600-3998 FAU Blvd., the Research Park includes a total of 308,305 square feet of office space. It is the only state university-affiliated research park in South Florida and considered a premier technology business incubator for the region.
Under the proposal, the project will feature 117,000 square feet of office space in seven stories and 557 parking spaces in six stories.
The JV will expand their portfolio with the development of five Class A medical office buildings in Florida.
He will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.
This move comes as the company has quickly expanded its presence nationally and needed a larger office space to accommodate its continued growth. Basis currently has 35 employees, up from just three in December 2020.
Proposals must be submitted no later than 3 p.m. EST on June 28, 2024.
The multi-billion-dollar public company owns, invests in, and operates businesses across five key verticals: cell towers, data centers, fiber networks, small cells and edge infrastructure.
JLL’s Senior Vice President Brady Titcomb represented Twin Star Home in the company’s relocation.
The proposed three-story office property would be built on a parking lot at the northeast corner of Donald Ross Road and Alternate A1A at Trump National.
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