Pebb Enterprises & Contrarian Capital Management Acquire Office Building In Boca Raton For $29.9M

Located in Boca Raton, the office property at 6601 & 6551 Park of Commerce Blvd has been sold in a recent transaction. The property, spanning 131,680 square feet, was sold for a total of $29,900,000, resulting in a price per square foot of $227. The deal took place on 07/05/2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,900,000
• Square Footage: 131,680
• Address: 6601 & 6551 Park of Commerce Blvd, Boca Raton
• Market: Boca Raton

The buyer of the property is Pebb Enterprises & Contrarian Capital Management, while the seller is Ivy Realty. Christian Lee, Sean Kelly, and Marcos Minaya of CBRE acted as the seller's representatives in the deal. The lender involved in the transaction is Professional Bank.