The Town Square project involves the $118 million renovation of the historic Boynton Beach High School into an Arts and Cultural center, a Children’s Schoolhouse Museum, a fire station, police station, residential, retail, hospitality, public amenities, parking garages, a library, and a new City Hall to create positive community and economic impact.
Stigliano was also able to refer the Buyer to a lender that specialized in medical owner-occupied buildings. The lender provided the first mortgage which included additional funds for tenant improvements at a very low interest rate which made the transaction even more attractive.
Comerica Bank anchors the asset.
When it closes in two weeks, it will be South Florida’s largest office sale in more than a year.
RedSky Capital, which purchased the premier trophy property in 2016, recently completed over $8 million in property renovations. CLICK ON THE HEADLINE FOR MORE
In addition to the new corporate headquarters in Boca Raton, the company has offices in Miramar and Sarasota and has plans for future expansion in other Florida markets. CLICK ON THE HEADLINE FOR MORE
CBRE’s Jeff Kelly represented landlord Crocker Partners in the lease deal while Baptist Health worked with CBRE’s Scott Brenner. CLICK ON THE HEADLINE FOR MORE
Prior to joining Colliers, he served as a Vice President at Stiles Realty. CLICK ON THE HEADLINE FOR MORE
The pair of office buildings totals 96,674 square feet. CLICK ON THE HEADLINE FOR MORE
Paul Marko was recently appointed as principal of the South Florida Avison Young team, and he applied his 30 years of experience in office tenant representation, buyer broker services and portfolio administration to answer some questions about the South Florida and national commercial real estate markets. CLICK ON THE HEADLINE FOR MORE
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