IP Capital Partners Acquires Office Property In Boca Raton For $77.3M

The three office properties located at 2600, 2650, and 2700 North Military Trail in Boca Raton have been sold in a recent transaction. The sale was facilitated by CBRE brokers Christian Lee and José Lobón. The buyer, IP Capital Partners, was represented by Josh Procacci and Jason Isaacson, along with Edge Principal Advisors. On the other side of the deal, the seller was Bridge Investment Group and Ascentris.

Summary of transaction details

• Property Type: Office
• Sale Price: $77,300,000
• Square Footage: 243,000
• Price Per Square Foot: $318
• Date: 10/07/2021
• Market: Boca Raton

Josh Procacci and Jason Isaacson, representing IP Capital Partners, were part of the buying team. CBRE brokers Christian Lee and José Lobón facilitated the transaction on behalf of the buyer. The sellers, Bridge Investment Group and Ascentris, successfully closed the deal. The three office properties located at 2600, 2650, and 2700 North Military Trail in Boca Raton offer a significant asset in the office market.