Arroyo Capital Acquires 37-Acre Development Site In Boca Raton For $40M

Arroyo Capital has purchased a 37-acre development site in Boca Raton for $40 million. The property is located at 9905 Clint Moore Road and is situated in the Boca Raton market. The acquisition of this site will pave the way for Toll Brothers to develop a 70-home project on the land. Toll Brothers, a renowned real estate development company, is known for its residential communities in South Florida, including single-family homes and student housing.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $40,000,000
• Address: 9905 Clint Moore Road
• Market: Boca Raton
• Acres: 37

The deal was facilitated by Arroyo Capital, represented by Dan McCann, Leigh Austin, and Jeff Brouelette. With their expertise, Arroyo Capital successfully acquired the development site and partnered with Toll Brothers to bring their vision to life.