Anthony Berritto Of Berritto Family Office Acquires Mixed-Use Properties In Boca Raton For $92.75M

The transaction involved three properties located at 6909 SW 18th St - The Boardwalk, 7000 W Palmetto Park - City National, and 21301 Powerline Rd - Grove Centre, situated in the Boca Raton market. The sale was completed for a total price of $92,750,000, encompassing a total square footage of 318,576, with a price per square foot of $291.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $92,750,000
• Buyer: Anthony Berritto - Berritto Family Office
• Seller: James Caprio - Boca Properties Holdings
• Broker: Nelson Garcia & Jamie Zambrana - RARE CRE

The transaction highlighted a multi-buyer execution, capital stack restructuring, and bridge financing aimed at retiring existing CMBS and preferred equity obligations. Additionally, RARE CRE proceeded with the disposition of a McDonald’s STNL outparcel and placed a fifth asset under contract, which is anticipated to close in April.