Brickstar Capital Acquires Mixed-Use Property On NE Spanish River Blvd In Boca Raton For $12.65M

The mixed-use property located at 500 NE Spanish River Blvd in Boca Raton has been sold for a total of $12,650,000. The transaction took place on 02/23/2022. The property spans a total of 56,034 square feet, resulting in a price per square foot of $226. The sale was completed by Brickstar Capital, represented by David Mirharooni as the buyer. The seller in this deal was the Chart Organization, with Glenn Edwards as their representative. Mark M. Rubin and Bastian Laggerbauer (Bastian1992) of Colliers International served as the seller's representatives.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $12,650,000
• Date: 02/23/2022
• Address: 500 NE Spanish River Blvd, Boca Raton
• Market: Boca Raton
• Buyer: Brickstar Capital - David Mirharooni
• Seller: Chart Organization - Glenn Edwards
• Seller's Rep: Mark M. Rubin & Bastian Laggerbauer (Bastian1992) - Colliers International
• Square Footage: 56,034
• Price per Square Foot: $226

The involvement of Brickstar Capital, led by David Mirharooni, as the buyer highlights their interest in expanding their portfolio. On the other side of the transaction, the seller, Chart Organization, was represented by Mark M. Rubin and Bastian Laggerbauer (Bastian1992) of Colliers International. This sale demonstrates the active real estate market in Boca Raton and the value of mixed-use properties in the area.