Grover Corlew Acquires Office Property In Boca Raton For $44.6M

The sale of an office building in Boca Raton has been completed by Black Creek Group. The property, located at 150 East Palmetto Road, was sold for a price of $44,600,000. Spanning across 1.7 acres, the building offers a total of 109,500 square feet of space, resulting in a price per square foot of $407. The transaction was facilitated by brokers Dominic Montazemi and Scott O’Donnell from Cushman & Wakefield, who represented the seller. Grover Corlew, represented by Mark Corlew, acted as the buyer in the deal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $44,600,000
• Address: 150 East Palmetto Road, Boca Raton
• Market: Boca Raton
• Square Footage: 109,500
• Price per Square Foot: $407
• Acres: 1.7
• Seller: Black Creek Group
• Buyer: Grover Corlew - Mark Corlew
• Brokers: Dominic Montazemi, Scott O’Donnell - Cushman & Wakefield

The deal was completed with the assistance of mortgage brokers Jason Hochman and Ron Granite, also from Cushman & Wakefield. Note: No additional information regarding the transaction was provided.