Deerfield costume vendor buys Boca Raton theater

Costume World exercised purchase option in agreement to lease the Boca property

May.May 01, 2016 11:00 AM

The Wick Theatre & Costume Museum at 7901 North Federal Highway in Boca Raton

Deerfield Beach-based Costume World, a vendor to producers of theatrical performances, bought the Wick Theatre & Costume Museum in Boca Raton for $5.2 million.

The sale price was $173 per square foot for the 30,000-square-foot property at 7901 North Federal Highway.

Costume World leased the building in 2013 under an agreement giving the company an option to purchase the building. The building once was owned by the Caldwell Theatre Co., which lost the building in 2012 via foreclosure.

Marilynn Wick, who runs Costume World, told the Palm Beach Post last week that her company exercised the option to buy the building on North Federal Highway.

She also told the Post, “I leased it and put $1.5 million into the building before I knew I was going to buy it. That’s not the best business deal you could make, but the community really got behind it.” [Palm Beach Post] — Mike Seemuth

Related Articles

Bob Sheetz and 133 West Coconut Palm Road

Ah Sheetz! Founder of popular convenience store sells Boca Raton estate

The Meridian at Boca Raton at 21865 Ponderosa Drive, and Kenneth Assiran

Meridian Senior Living buys community near Boca Raton for $61M

Michael and Michelle Hagerty, and their home in Royal Palm Yacht & Country Club (Credit: Keeping the Promise, Realtor)

Vodka heir pays $6M straight up for Boca Raton estate

James Batmasian and Trail Plaza in Deerfield Beach (Credit: Google Maps)

James Batmasian nabs retail center in Deerfield Beach for $17M

300 East Key Palm Road

Transportation execs pay $12M for waterfront Boca Raton estate

James Batmasian and 22973-23071 State Road 7

James Batmasian buys Publix-anchored Boca Raton shopping center

Daily Digest Miami

Stephen Ross steps down from NFL committee post-fundraiser backlash, drama at Regalia: Daily digest

Daily Digest Miami

Feds want to seize Miami real estate tied to $5M gambling scheme, Elliman’s Q2 revenue jumps: Daily digest