Weston Office Building Trades At Peak $353 PSF
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
Like all projects within the Soleste Living brand portfolio, Soleste Spring Gardens is a highly amenitized development with a vast collection of health and wellness offerings, social components and pet-friendly features.
Here are the most popular news headlines this past week on CRE-sources.
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
At $415 per square foot, the transaction set a new price per square foot record for the submarket.
The buyer is affiliated with Florida East Coast Realty.
The purchase of the 474,109 square foot complex equates to $160 per square foot.
The company plans to hire brokers for all commercial real estate sectors.
ODP Corp.’s amended lease ensures that the company’s global headquarters will remain in Boca Raton at 6600 North Military Trail until at least 2033.
At 1.1-million square feet, Building 1 at the complex is the largest speculative building in Southeast Florida.
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