{"id":1004800890,"date":"2026-06-03T05:33:55","date_gmt":"2026-06-03T13:33:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004800890"},"modified":"2026-06-03T05:33:56","modified_gmt":"2026-06-03T13:33:56","slug":"boca-raton-mixed-use-campus-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/","title":{"rendered":"Boca Raton Mixed-Use Campus Changes Hands"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2043c3f2b81&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004800809\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fountains-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg\" data-orig-size=\"1600,1240\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Fountains-Center\" data-image-description=\"&lt;p&gt;Image emailed to Briefs.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Fountains Center contains a mix of officer, medical, retail and service-oriented tenants. Image courtesy of Interface Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"794\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg?w=1024\" alt=\"A photo of Fountains Center\" class=\"wp-image-1004800809\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg 1600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg?resize=1024,794 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg?resize=1536,1190 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Fountains Center contains a mix of officer, medical, retail and service-oriented tenants. <em>Image courtesy of Interface Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Interface Properties has acquired Fountains Center, a 189,542-square-foot, mixed-use campus in Boca Raton, Fla. The office, medical and retail property sold for $40 million, according to the South Florida Business Journal.<\/p>\n\n\n\n<p>The previous owner was Titan Realty Group, Yardi Matrix shows.<\/p>\n\n\n\n<p>The buyer received a $31.75 million acquisition loan from City National Bank for the deal, part of which will be used to undertake a capital improvement program.<\/p>\n\n\n\n<p>Fountains Center was originally developed in two phases in the 1980s. The seven-building campus, located at the intersection of Powerline Road and West Camino Real, is 95 percent occupied and includes undeveloped land approved for future development of a 21,000-square-foot office building. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/how-top-cre-brokers-hone-their-reputations\/\">How Top CRE Brokers Hone Their Reputations<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Previously, three separate CMBS loans totaling $99 million encumbered the property, Yardi Matrix reports. All of the loans were put on the service&#8217;s watch list in October 2025.<\/p>\n\n\n\n<p>Tenants include CitiBank, Truist Bank, University of Miami Miller School of Medicine, Salt Academy, Traditions South and various independent healthcare providers, who occupy more than half of the space. The property features direct frontage along Powerline Road, one of Boca Raton\u2019s main north-south arteries, and 748 parking spaces.<\/p>\n\n\n\n<p>Berkadia Senior Managing Director Mitch Sinberg and Director Michael Basinski secured a five-year, fixed-rate loan on behalf of Interface Properties, a locally based private real estate investor specializing in value-add deals. RARE CRE Managing Partner Nelson Garcia represented the seller in the acquisition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-metro-miami-s-office-market-recovery\">Metro Miami&#8217;s office market recovery<\/h2>\n\n\n\n<p>Miami\u2019s office market enjoyed strong fundamentals in early 2026, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-office-market-update\/\">Yardi Matrix report<\/a>. Vacancy across the metro rate fell to 12.5 percent at the end of March, considerably below the 17.8 percent national average and down 300 basis points year-over-year.<\/p>\n\n\n\n<p>That vacancy rate is the lowest among the eight gateway markets, Yardi Matrix notes, even lower than Manhattan, which came in at 13.1 percent. The Miami market also posted the third-highest rent with a figure of $59.10 per square foot among the gateway markets, nearly double the national average.<\/p>\n\n\n\n<p>Investors seem to have taken note. Transaction activity in the metro Miami office sector totaled $892 million in the first quarter of 2026, second only to Manhattan, which recorded $1.8 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A local investor purchased the nearly 190,000-square foot property from Titan Realty Group.<\/p>\n","protected":false},"author":1023,"featured_media":1004800809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21754,1492,21752,21742,21747,21749,32781],"tags":[32894,52882,39609,52883],"class_list":["post-1004800890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-medical-office","category-miami","category-mixed-use","category-latest","category-office","category-retail","category-southeast","tag-berkadia","tag-interface-properties","tag-rare-cre","tag-titan-realty-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boca Raton Mixed-Use Campus Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Interface Properties has acquired Fountains Center, a 189,542-square-foot, mixed-use campus in Boca Raton, Fla.\" \/>\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-raton-mixed-use-campus-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boca Raton Mixed-Use Campus Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Interface Properties has acquired Fountains Center, a 189,542-square-foot, mixed-use campus in Boca Raton, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/\" \/>\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=\"2026-06-03T13:33:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-03T13:33:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/\",\"name\":\"Boca Raton Mixed-Use Campus Changes Hands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg\",\"datePublished\":\"2026-06-03T13:33:55+00:00\",\"dateModified\":\"2026-06-03T13:33:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"description\":\"Interface Properties has acquired Fountains Center, a 189,542-square-foot, mixed-use campus in Boca Raton, Fla.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg\",\"width\":1600,\"height\":1240,\"caption\":\"Fountains Center contains a mix of officer, medical, retail and service-oriented tenants. Image courtesy of Interface Properties\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Boca Raton Mixed-Use Campus Changes Hands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c\",\"name\":\"Dees Stribling\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"caption\":\"Dees Stribling\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/dcstribling\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Boca Raton Mixed-Use Campus Changes Hands - Commercial Property Executive","description":"Interface Properties has acquired Fountains Center, a 189,542-square-foot, mixed-use campus in Boca Raton, Fla.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/","og_locale":"en_US","og_type":"article","og_title":"Boca Raton Mixed-Use Campus Changes Hands","og_description":"Interface Properties has acquired Fountains Center, a 189,542-square-foot, mixed-use campus in Boca Raton, Fla.","og_url":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2026-06-03T13:33:55+00:00","article_modified_time":"2026-06-03T13:33:56+00:00","og_image":[{"width":1600,"height":1240,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg","type":"image\/jpeg"}],"author":"Dees Stribling","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/","url":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/","name":"Boca Raton Mixed-Use Campus Changes Hands - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg","datePublished":"2026-06-03T13:33:55+00:00","dateModified":"2026-06-03T13:33:56+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"description":"Interface Properties has acquired Fountains Center, a 189,542-square-foot, mixed-use campus in Boca Raton, Fla.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg","width":1600,"height":1240,"caption":"Fountains Center contains a mix of officer, medical, retail and service-oriented tenants. Image courtesy of Interface Properties"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/boca-raton-mixed-use-campus-changes-hands\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Boca Raton Mixed-Use Campus Changes Hands"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c","name":"Dees Stribling","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","caption":"Dees Stribling"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/dcstribling\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Fountains-Center.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1023"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004800890"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800890\/revisions"}],"predecessor-version":[{"id":1004800891,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800890\/revisions\/1004800891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004800809"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004800890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004800890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004800890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}