Boca shopping center trades for $11.1M

Addison Court Shoppes in Boca Raton
Addison Court Shoppes in Boca Raton

A New York investor purchased the Addison Court Shoppes near Boca Raton for $11.1 million, or $531 per square foot.

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The property, located at 17940 and 17960 South Military Trail, last sold in 2007 for $9.1 million. It features a 16,860-square-foot shopping center with a 4,000-square-foot Bank of America branch on the outparcel, according to the South Florida Business Journal.

Marcus & Millichap’s Douglas Mandel and Brian Rosen represented the seller, Boca Raton-based HZ Addison Court. It was purchased by LJB2 LLC, an affiliate of Great Neck, N.Y.-based 246-248 Tenth Realty. [South Florida Business Journal]Christopher Cameron