James Batmasian acquires Boca office building

Miami /
Oct.October 01, 2014 10:30 AM

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


Related Articles

arrow_forward_ios
From left: Vladislav “Bobby” Yampolsky and Robert P. Kelly along with an aerial view of 419 East Coconut Palm Road (Getty Images, Google Maps)
Luxury retailer buys waterfront Boca Raton home for $9M
Luxury retailer buys waterfront Boca Raton home for $9M
From left: Belong co-founders Tyler Infelise, Ale Resnik, and Owen Savir (Belong, Getty Images, Google Maps)
Lease roundup: Rentals manager Belong moves HQ to Brickell
Lease roundup: Rentals manager Belong moves HQ to Brickell
Manor Broken Sound at 5400 Broken Sound Boulevard in Boca Raton, with Rockpoint’s Bill Walton, Related Group's Jon Paul Pérez and Jorge Pérez and Lincoln Property Company CEO Tim Byrne (Cushman & Wakefield, Rockpoint, Related Group, Wikipedia, Lincoln Property Group)
Lincoln Property pays $194M for newly built Boca apartments
Lincoln Property pays $194M for newly built Boca apartments
El-Ad National Properties Noam Ziv with Alina condominium
El-Ad nabs $100M construction loan for Alina condos in Boca
El-Ad nabs $100M construction loan for Alina condos in Boca
James Batmasian with 6758 North Military Trail, 1101 53rd Court South and 801 15th Street (Getty, Google Maps)
James Batmasian pays $16M for Palm Beach County industrial portfolio
James Batmasian pays $16M for Palm Beach County industrial portfolio
James Batmasian and Palm Trails Plaza at 1101-1149 South Military Trail in Deerfield Beach (Getty Images)
James Batmasian buys Walmart shopping center in Deerfield Beach
James Batmasian buys Walmart shopping center in Deerfield Beach
Tricera Capita's Ben Mandell with rendering of The Press project (Tricera Capital)
Lease roundup: Tricera scores tenants in West Palm, Boca
Lease roundup: Tricera scores tenants in West Palm, Boca
From left: MHCommercial Real Estate Fund II's Jordan Paul, Dung Lam and Neil Merin along with the Yamato Office Center in Boca Raton and the Bridge Point Powerline Road in Pompano Beach (NAI Global, LoopNet, Getty Images)
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...