City Of Boca Raton Acquires Office Building From Ian Weiner And Jonathan Bauer For $17.4M

The City of Boca Raton purchased an office building located at 6551 Park of Commerce Boulevard in Boca Raton for $17.4 million. The property encompasses 70,400 square feet and has a price per square foot of $247.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,400,000
• Buyer: City of Boca Raton
• Seller: Ian Weiner - PEBB Enterprises; Jonathan Bauer - Contrarian Capital
• Square Footage: 70,400
• Price per Square Foot: $247

The transaction involved Ian Weiner representing PEBB Enterprises and Jonathan Bauer representing Contrarian Capital as sellers. The City of Boca Raton plans to renovate the acquired property for municipal operations as part of a broader government campus redevelopment initiative led by Terra and Frisbie Group.