CP Group and Harrison Street Sell Boca Raton Office Complex for $78.9M

CP Group and Harrison Street Asset Management sold One Boca Place in Boca Raton, Florida, for $78.9 million, Commercial Observer and The Real Deal reported. The buyer of the commercial asset is New York-based Golden East Investors, according to reports by Commercial Observer and The Business Journals. [1][3][4]

Commercial Observer reported that City National Bank of Florida provided an $82.1 million loan to Golden East Investors for the acquisition. The transaction included the two-building office property located at 2255 Glades Road, situated near the Town Center at Boca Raton mall. [1]

The office complex spans 286,890 square feet across a 7.6-acre parcel and was built in 1986, according to Commercial Observer. The sale represents the third Boca Raton office asset disposition by CP Group. [1]