Boca Raton office sells for $15.2M

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A 137,021-square-foot office building in Boca Raton has been sold for
$15.25 million. The four-story building is located at 1200 Corporate
Place and was purchased by the Keystone Property Group, a
Pennsylvania-based developer that owns several projects in Florida. The
seller, Equity Office, was represented by CB Richard Ellis in the
transaction. Christian Lee, vice chairman of CBRE’s Miami office, led
the marketing team. The sale price works out to $111 per square foot. TRD