James Batmasian, one of Boca Raton’s largest commercial property owners, just picked up a retail center in Deerfield Beach for $16.5 million.
Batmasian’s Investments Limited bought the property by taking control of the LLC of the property’s seller, rather than through a deed, according to a spokesperson from Investments Limited. James Case of Fort Lauderdale sold the property.
The retail center is at 1799, 1801 and 1831 West Hillsboro Boulevard and totals 96,297 square feet, according to property records. The price equates to $171.4 per square foot.
Tenants include the fast-food restaurant Checkers, Tailgators Sports Bar and medical offices.
Batmasian is an active buyer and seller of commercial properties in Broward and Palm Beach counties. He recently bought a 70,524-square-foot Publix-anchored retail center in Boca Raton for $16 million, records show. In October 2018, Batmasian bought a retail strip center at 515 Northeast 20th Street in Boca Raton for $13.1 million
The South Florida Business Journal first reported the news of the sale.