Oak Street Real Estate Capital Acquires Industrial Property In Boca Raton For $51M

Oak Street Real Estate Capital, represented by Marc Zahr and Jim Hennessy, acquired an industrial property located at 6600 Congress Avenue in Boca Raton. The property, previously owned by Sensormatic Electronics Corp., was sold for a total price of $51,000,000. The industrial asset spans across 244,232 square feet with a price per square foot of $208.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $51,000,000
• Address: 6600 Congress Avenue
• Market: Boca Raton
• Buyer: Oak Street Real Estate Capital – Marc Zahr & Jim Hennessy
• Seller: Sensormatic Electronics Corp. (Johnson Controls)

The acquisition was made by Oak Street Real Estate Capital, a reputable real estate firm led by Marc Zahr and Jim Hennessy. They successfully negotiated the purchase of the industrial property from Sensormatic Electronics Corp., which is owned by Johnson Controls. This transaction highlights the expertise and strategic decision-making of Oak Street Real Estate Capital in expanding its portfolio in the industrial real estate market.