Cushman & Wakefiled vice chairman Mike Davis in Miami as well as executive director Scott O'Donnell, managing director Dominic Montazemi and senior associate Greg Miller, all based in Boca Raton (Courtesy Photos)Deerfield Beach Office Sale, Financing Close at $57.3 Million Total With Cushman & Wakefield Help
The five-building Hillsboro Center office complex sells for $32.5 million with help from a $24.8 million in purchase financing.
April 16, 2019 at 01:16 PM
5 minute read
A real estate company has invested in an office complex in Deerfield Beach as a strategic buy in a market expected to see rent growth as demand shifts from higher-priced Boca Raton.
The Grover Corlew management group bought the five-building Hillsboro Center from a joint venture of Dallas-based private equity company TriGate Capital LLC, New York-based private real estate investor and developer Equitable Real Estate Partners and Boca Raton-based Commercial Florida Realty Partners.
The sellers sold the 216,114-square-foot property for $32.5 million and the buyer borrowed $24.8 million in deals done with Cushman & Wakefield's assistance.
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