Healthcare Trust Of America Acquires Medical Office In Boca Raton For $50M

The medical office property located at 1905 Clint Moore Road in Boca Raton has been sold. Spanning across 15.5 acres, this medical office asset was acquired by Healthcare Trust of America, represented by Peter Foss. The property was previously owned by Rick Werber, Ed Steinhardt, CDR Realty, and Kenneth Garrod. The transaction took place on September 9, 2021.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $50,000,000
• Address: 1905 Clint Moore Road
• Market: Boca Raton
• Acres: 15.5
• Price per Acre (PPA): $3,225,806
• Square Footage (SF): 106,135
• Price per Square Foot (PPSF): $471

Peter Foss, representing Healthcare Trust of America, facilitated the purchase of this medical office property. Rick Werber, Ed Steinhardt, CDR Realty, and Kenneth Garrod were the sellers involved in this transaction. Their roles were instrumental in the successful sale of this property.