CenterSquare Investment Management Acquires Retail Property In Boca Raton For $24.55M

CenterSquare Investment Management has acquired a retail property in Boca Raton for $24,550,000. Located at 9940 Yamato Road, 19102, 19110 & 19120 South State Road 7, the property spans approximately 10.8 acres. The transaction was facilitated by the seller, Power Center I - Martin Osher, and the buyer was represented by Douglas K. Mandel of Marcus & Millichap.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,550,000
• Square Footage: 46,000
• Price per Square Foot: $534
• Address: 9940 Yamato Road, 19102, 19110 & 19120 South State Road 7, Boca Raton
• Market: Boca Raton

The property acquisition by CenterSquare Investment Management was made possible through the representation of Douglas K. Mandel from Marcus & Millichap. This transaction showcases the investment firm's strategic move in the retail sector of Boca Raton.