The Real Deal Miami

James Batmasian acquires Boca office building

Real estate investor paid $1M for property while fighting multiple lawsuits

October 01, 2014 10:30AM

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James Batmasian

James Batmasian

James Batmasian found time to acquire a Boca Raton office building while fighting lawsuits involving an employee and two independent contractors over alleged discrimination, fraud and harassment.

Batmasian paid $1 million for the nearly 6,200-square-foot building at 4805 Northwest Second Avenue in a transaction recorded on Friday, according to Palm Beach County records. He did not obtain financing for the purchase. The building is located on a 1.2-acre property.

Boca-based 4805 Operations LLC is the seller. Scott Adams signed the deed as the company’s president.

Downtown Boca’s largest private commercial real estate owner, Batmasian is accused by leasing agent Karla Sotomayor of making romantic passes at her. Last month, Sotomayor was hit with two defamation lawsuits filed by companies mentioned in her complaint.

Batmasian responded to Sotomayor’s suit by suing contractor James Baker for allegedly stealing confidential company information and providing it to Sotomayor. Baker is suing Batmasian under the Florida Whistleblower Act. — Eric Kalis

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