Boca Raton Innovation Campus Acquires 1.36 Acre Development Site For $13.5 Million

The property involved in this transaction is a development site located at 1055 West Yamato Road, Boca Raton, FL, encompassing 1.36 acres. The sale price for the asset was $13,500,000. This vacant parcel is strategically acquired to expand the campus footprint of the Boca Raton Innovation Campus, which is set for approved mixed-use redevelopment.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $13,500,000
• Address: 1055 West Yamato Road
• Market: Boca Raton, FL
• Acres: 1.36
• Buyer: Angelo Bianco - CP Group; Jeff Krasnoff - Rialto Capital; David Luski - DRA Advisors; Paul Tanner - Las Olas Capital Advisors
• Seller: Larry D. Silver - Silver Capital Advisors

The ownership group of the Boca Raton Innovation Campus, comprising Angelo Bianco, Jeff Krasnoff, David Luski, and Paul Tanner, successfully acquired the parcel from Telecom Drive II LLC, managed by Larry D. Silver. This acquisition signifies a notable expansion of the campus aimed at supporting the ongoing development plans of the 123-acre property.