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South Florida

Boca Center commercial site sells for $194M

Shops at Boca Center and Boca Raton Marriot
Shops at Boca Center and Boca Raton Marriot

The Shops at Boca Center and related neighboring properties sold last week for $193.8 million.

WRC Properties LLC and 485 Properties LLC sold the Boca Raton site, located between Town Center Circle and South Miliary Drive, to Boca Center at Military LLC on Dec. 23. Combined total acreage for the site came out to 28.54 acres, according to property records.

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The purchase includes parking, retail space, two office buildings, the Boca Raton Marriott at Boca Center site and a McDonald’s restaurant.

The buyer, Boca Center at Military LLC, is tied to Cornerstone Real Estate Advisers, an indirect subsidiary of MassMutual, records show.