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Grover Corlew Acquires Office Property In Boca Raton For $44.6M

150 East Palmetto Road
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This Office property located in FL was sold for $44,600,000 over 3 years ago. The brokers of the deal were Ronald (Ron) Granite, Scott O'Donnell, Jason Hochman, and Dominic Montazemi

The sale of an office building in Boca Raton has been completed by Black Creek Group. The property, located at 150 East Palmetto Road, was sold for a price of $44,600,000. Spanning across 1.7 acres, the building offers a total of 109,500 square feet of space, resulting in a price per square foot of $407. The transaction was facilitated by brokers Dominic Montazemi and Scott O’Donnell from Cushman & Wakefield, who represented the seller. Grover Corlew, represented by Mark Corlew, acted as the buyer in the deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $44,600,000
  • Address: 150 East Palmetto Road, Boca Raton
  • Market: Boca Raton
  • Square Footage: 109,500
  • Price per Square Foot: $407
  • Acres: 1.7
  • Seller: Black Creek Group
  • Buyer: Grover Corlew - Mark Corlew
  • Brokers: Dominic Montazemi, Scott O’Donnell - Cushman & Wakefield

The deal was completed with the assistance of mortgage brokers Jason Hochman and Ron Granite, also from Cushman & Wakefield. Note: No additional information regarding the transaction was provided.

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  • Location
    150 East Palmetto Road, Pierson, FL, USA150 East Palmetto Road, Pierson, FL, USA
  • Sale Price
    $44,600,000$44,600,000
    $407 PPSF$407 PPSF
  • Area
    109,500 SF109,500 SF
  • Asset Type
    OfficeOffice
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Ronald (Ron) Granite

Ronald (Ron) Granite

Deals11
Financed$557.5M

Jason Hochman

Jason Hochman

Deals15
Financed$649.8M

Agencies

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

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Deal Summary

SALE IMAGE: Jason Hochman, Ron Granite, Mark Corlew, Scott O’Donnell & Dominic Montazemi DATE: 07/26/2021 ADDRESS: 150 East Palmetto Road MARKET: Boca Raton ASSET TYPE: Office BUYER: Grover Corlew - Mark Corlew SELLER: Black Creek Group BROKERS: Dominic Montazemi, Scott O’Donnell - Cushman & Wakefield MORTGAGE BROKERS: Jason Hochman & Ron Granite - Cushman & Wakefield SALE PRICE: $44,600,000 SF: 109,500 ~ PPSF: $407 ACRES: 1.7 ~ PPA: $26,235,294

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150 East Palmetto Road

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