Boca’s BB&T Bank Building fetches $2.9M in foreclosure sale

Seacoast National Bank has sold off the foreclosed BB&T Bank Building at 140 N. Federal Highway in Boca Raton for $2.9 million, or roughly $383 a foot, according to CB Richard Ellis, which brokered the transaction. The buyer, a limited liability corporation called 140 N. Federal Highway LLC, is expected to move in this year. The 7,580-square-foot building currently houses BB&T Bank, which took on the 4-and-a-half years remaining in former tenant Colonial Bank’s lease. TRD