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