Marcus & Millichap Negotiates Sale Of Class A Office Building In Boca Raton
Douglas Mandel, along with Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap, represented the seller in the transaction.
Douglas Mandel, along with Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap, represented the seller in the transaction.
The entire 61,451-square-foot building is currently being marketed for lease by Colliers, offering any combination of the four ±16,000-square-foot floorplates.
Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the loan through Ameris Bank.
Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing.
The lease allows Tricera to seamlessly backfill space to be vacated by Comerica Bank, which is moving out of 1675 Midtown when its lease expires in June 2023.
Tricera is scheduled to deliver possession to its tenants by Q4 2022.
Colliers Executive Director Robert Listokin brokered the lease on behalf of the tenant FirstService Residential.
Tenant delivery is anticipated to begin in the first-quarter 2024.
In addition to bringing on the trio, Cushman & Wakefield has welcomed several new hires over the past few months.
The 131,680-square-foot property consists of two single-tenant net leased buildings.
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