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Former Sony Facility Sold

R & D Facility Sold to City of Boca Raton
By Giuliana Bernales
January 6, 2003 | 4:00 P.M.

The former Sony facility measuring 116,800 square feet, located at 6500 Congress Ave. in the Arvida Park of Commerce in Boca Raton, FL, sold for $7.1 million. Principal Capital Life Insurance sold this facility, used for research and development, to the City of Boca Raton. The city will use the site for a police and fire personnel-training facility. Thomas J. Hotz, senior vice president, Butters Realty & Management represented the seller. Real Estate Analytics represented the buyer.

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