Christian Lee, José Lobón and Marcos Minaya of CBRE Capital Markets, and Jay Adams with Newmark represented the seller, Encore Capital Management, in the transaction.
The deal equates to about $318 a square foot for the nearly 243,000-square-foot complex.
The 10-story building is considered one of the premier office properties in Boca Raton.
The 240,669-square-foot building was 95% leased at the time of the sale.
CBRE Senior Vice President Larry Genet, Executive Vice President Tom O’Loughlin , Executive Vice President Jose Lobón, Vice Chairman Christian Lee and Senior Associate Jake Zebede represented Brookfield Asset Management in the purchase
The property was sold to an affiliate of Banyan Street Capital.
The property consists of a 9-story office tower, a 2-story medical office building and a development pad.
The 24%-leased newly constructed warehouse was sold to TA Realty.
Butters Construction & Development and Greystar will develop Miami Midway Park, a 45.1-acre site at NW 97th Avenue and NW 170th Street in Hialeah Gardens.
The 479,145-square-foot asset consists of nine buildings, including one Class A 10-story building, three low-rise buildings and five single-story buildings. CLICK ON THE HEADLINE FOR MORE
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.
If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.