Brandon Rolnick Acquires Office Property On Peninsula Corporate Circle For $9M

The Class A, 45,803-square-foot office building located at 950 Peninsula Corporate Circle in Boca Raton, Fla., was sold for $9,000,000.00 to Brandon Rolnick. The asset offers separately metered suites for office condominium conversion, full-generator backup, hurricane-impact glass, and security features including roving patrols, card access, and security cameras.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,000,000.00
• Address: 950 Peninsula Corporate Circle, Boca Raton, Fla.
• Price per Square Foot: $195
• Buyer: Brandon Rolnick
• Seller's Rep: Kevin McCarthy (CBRE)

Colliers International South Florida brokered the sale with Senior Vice President Kevin McCarthy and Associate Bastian Laggerbauer representing LNR Partners in the transaction. Prior to the sale, Colliers was tasked with leasing and property management after LNR Partners took over as the special servicer through a foreclosure procedure. The building, completed in 2006, is located at Peninsula Corporate Center, strategically positioned near Interstate 95 and Congress Avenue in Boca Raton.