Pebb Enterprises And Butters Construction Acquire Boca Raton Office For $26.15M From Berta Management

The property asset involved in this transaction is situated at 2000 Glades Road in Boca Raton, with a total square footage of 59,667. The asset type is classified as office space, and it was sold for $26,150,000, equating to a price per square foot of approximately $438.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,150,000
• Address: 2000 Glades Road
• Market: Boca Raton
• Square Footage: 59,667
• Price Per Square Foot: $438
• Buyer: Pebb Enterprises and Butters Construction & Development
• Seller: Berta Management of Florida
• Brokers: Douglas K. Mandel, Zach Levine & Cody Hershey - Marcus & Millichap

Key individuals involved in this transaction include Douglas K. Mandel, Zach Levine, and Cody Hershey, who represented the buyers in the deal through their affiliation with Marcus & Millichap. The transaction reflects a collaboration between Pebb Enterprises and Butters Construction & Development purchasing from Berta Management of Florida.