OrbVest Acquires Office Property In Boynton Beach For $11M

The office property located at 1301 N Congress Ave in Boynton Beach has been sold for a price of $11,000,000. The property spans over a total area of 40,980 square feet, resulting in a price per square foot of $268. The transaction took place on 05/12/2022, with the buyer being OrbVest represented by Martin Freeman, and the seller being Triple Double Real Estate represented by Andrew "Avi" Greenbaum and Jeremy Becker. The deal was facilitated by brokers Bastian Laggerbauer and Mark M. Rubin from Colliers.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,000,000
• Address: 1301 N Congress Ave, Boynton Beach
• Market: Boynton Beach
• Buyer: OrbVest - Martin Freeman
• Seller: Triple Double Real Estate - Andrew "Avi" Greenbaum & Jeremy Becker
• Brokers: Bastian Laggerbauer & Mark M. Rubin - Colliers
• Square Footage: 40,980
• Price Per Square Foot: $268

Mark M. Rubin and Bastian Laggerbauer from Colliers played key roles as brokers in facilitating the transaction. This sale marks an important achievement in the Boynton Beach market and showcases the value and demand for office properties in the area. Both the buyer and seller, represented by Martin Freeman and Andrew "Avi" Greenbaum and Jeremy Becker respectively, were pivotal in reaching a successful deal.