HFF Brokers $35.8 Million Sale of Boca Office Tower

HFF has brokered the $35.8 million sale of Bank of America Tower located at 150 E. Palmetto Park Road in downtown Boca Raton.
The Class A, 109,553-square-foot office building features a Bank of America branch on the ground floor and restaurant space that will soon be occupied by Besito Boca.
The property was 87 percent leased at the time of sale to tenants such as Bank of America, Zen Offices, Veretech Holdings and Charles Schwab & Co.
Hermen Rodriguez, Ike Ojala and Jorge Portela of HFF represented the seller, Clarion Partners, in the transaction. The buyer was Dividend Capital Diversified Property Fund Inc.
 
Source:  REBusiness

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