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Harrison Street, CP Group Trade Boca Raton Offices for $82.1M
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Harrison Street and CP Group offloaded the One Boca Place office building for $78.88 million. The S. Florida Business Journal reports that Golden East Investor was the buyer. City National Bank of Florida provided an $82.1 million construction to the buyer.

One Boca Place last traded for $76.35 million in 2014.

The four-story office was built on the 7.75-acre site just west of Interstate 95 in 1986. It has 286,890 square feet of office space. It features a conference center, a café, a fitness center, and an on-site car wash. There is 75,900 square feet of space available for lease at One Boca Place at an asking rate of $52 per square foot.

CP Group was part of a group that sold the Boca Raton Innovation Campus (BRIC) to Related Ross in September. And days later, CP Group sold Two Town Center, where it houses its headquarters.

The post Harrison Street, CP Group Trade Boca Raton Offices for $82.1M appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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