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Federal Realty Buys Boca Raton Portfolio

Office, Retail Bldgs. Sold Near Del Mar Shopping Village for $6.7M
August 22, 2008
Federal Realty Investment Trust acquired two buildings on Beracasa Way in Boca Raton, FL, for $6.71 million, or about $274 per square foot.

The buildings, both outparcels of the Del Mar Shopping Village, include a 17,590-square-foot office at 7015 Beracasa and a 7,000-square-foot retail building leased to Blockbuster Video at 7045 Beracasa. The properties were collectively 71% occupied at the time of sale.

Curtis Olschansky of The Olschansky Group LLC represented the seller.

For further information, please see CoStar COMPS #1562082.
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