Stockbridge Capital Group Acquires Retail Asset From Schmier Property Group And Partners For $118.5M

The retail property located at 9560 Glades Road in Boca Raton consists of 194,927 square feet and has a sale price of $118,500,000, translating to a price per square foot of $607.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $118,500,000
• Address: 9560 Glades Road
• Market: Boca Raton
• Square Footage: 194,927
• Price per Square Foot: $607
• Buyer: Stockbridge Capital Group
• Seller: Schmier Property Group, Giles Capital Group, Rosemurgy Properties & Wheelock Street Capital
• Broker Representatives: Jorge Portela, Danny Finkle, Kim Flores, Evan Lahr & Jacob Wise - JLL

This transaction involved brokers representing both the buyer and seller, with Jorge Portela, Danny Finkle, Kim Flores, Evan Lahr, and Jacob Wise all playing key roles in facilitating the deal through JLL.