{"id":1004128588,"date":"2015-10-01T11:24:43","date_gmt":"2015-10-01T19:24:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=362138"},"modified":"2022-12-13T00:03:46","modified_gmt":"2022-12-13T08:03:46","slug":"boca-trophy-asset-finds-buyer","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boca-trophy-asset-finds-buyer\/","title":{"rendered":"Boca Trophy Asset Finds Buyer"},"content":{"rendered":"<div id=\"attachment_362153\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Palmetto-Park-City-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-362153\" title=\"Palmetto Park City Center\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Palmetto-Park-City-Center.jpg\" alt=\"Palmetto Park City Center\" width=\"300\" height=\"168\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Palmetto Park City Center<\/p>\n<\/div>\n<p>In a $25.75 million deal, <a href=\"https:\/\/www.ramrealestate.com\/\">Ram Realty<\/a> has sold Palmetto Park City Center, a boutique Class A office building in Palm Beach County. <a href=\"https:\/\/www.cbre.com\/\">CBRE<\/a> represented Ram Realty in the disposition of the 66,618-square-foot property located at 120 E. Palmetto Park Road in Boca Raton.<\/p>\n<p>Completed in 1996, Palmetto Park City Center is located near such popular destinations as Mizner Park, the Boca Raton Resort &amp; Club, and the Royal Palm Yacht &amp; Country Club.<\/p>\n<p>A private offshore investor paid $387 per rentable square foot for the property, which was fully leased at closing. Palmetto Park City Center\u2019s tenant roster consists mainly of law firms and financial services companies, such as Merrill Lynch and Fifth Third Bank.<\/p>\n<p>CBRE\u2019s Scott O\u2019Donnell, Jeffrey Kelly and Dominic Montazemi, along with Charles Foschini of CBRE Debt &amp; Structured Finance, collaborated in representing Ram Realty. Juan Arcila with <a href=\"https:\/\/www.exancapital.com\/\">Exan Capital<\/a> spoke for the unidentified buyer.<\/p>\n<p><em>Photo credit: CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trophy office building traded hands recently in the Boca Raton submarket of Palm Beach County.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[682],"class_list":["post-1004128588","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Boca Trophy Asset Finds Buyer - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/boca-trophy-asset-finds-buyer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boca Trophy Asset Finds Buyer\" \/>\n<meta property=\"og:description\" content=\"A trophy office building traded hands recently in the Boca Raton submarket of Palm Beach County.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boca-trophy-asset-finds-buyer\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-01T19:24:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T08:03:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Palmetto-Park-City-Center.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boca-trophy-asset-finds-buyer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boca-trophy-asset-finds-buyer\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Boca Trophy Asset Finds Buyer\",\"datePublished\":\"2015-10-01T19:24:43+00:00\",\"dateModified\":\"2022-12-13T08:03:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boca-trophy-asset-finds-buyer\\\/\"},\"wordCount\":160,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boca-trophy-asset-finds-buyer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Palmetto-Park-City-Center.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"Miami\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boca-trophy-asset-finds-buyer\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boca-trophy-asset-finds-buyer\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boca-trophy-asset-finds-buyer\\\/\",\"name\":\"Boca Trophy Asset Finds Buyer - 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