Serge Abecassis Acquires Industrial Property In Boca Raton For $18.7M

The industrial property located at 701 Park Of Commerce Boulevard in Boca Raton was sold for a total price of $18,695,000. The property spans 78,024 square feet, resulting in a price per square foot of $240.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,695,000
• Address: 701 Park Of Commerce Boulevard
• Market: Boca Raton
• Buyer: Serge Abecassis - A & B Investments LP
• Seller: Darielle Singerman - 701 Rose LLC
• Buyer's Rep: Anthony Mamann - LRM CREA
• Seller's Rep: Paul Bergman & Jean Phillips - Douglas Elliman
• SF: 78,024
• PPSF: $240

Anthony Mamann represented the buyer, Serge Abecassis of A & B Investments LP, during the transaction. On the other side, Paul Bergman and Jean Phillips, who are from Douglas Elliman, served as the seller's representatives, assisting Darielle Singerman of 701 Rose LLC in the sale of the industrial property.