Boca Office Building Trades For $25.8 Million

Oct 14, 2015 No Comments by

A foreign investor acquired the Palmetto Park City Center at 120-122 E. Palmetto Park Rd. in Boca Raton from Ram Realty Services for $25.75 million, or about $385 per square foot.

The five-story, 66,966-square-foot, 4-Star building was built in 1996. The asset was 100 percent leased at the time of sale.

Christian Lee, José Lobón, Scott O’Donnell, Jeffrey Kelly, and Dominic Montazemi with CBRE represented the seller. Juan Arcila, Tomas Von Hartz, and Juan Jose Zaragoza at Exan Capital LLC represented the buyer.

 

Source:  CoStar

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