search

The Real Deal Logo

Trending

Major developers are converting South Florida malls into mixed-use projectsMajor developers are converting South Florida malls into mixed-use projectsPrada buys retail condo on Billionaires’ RowPrada buys retail condo on Billionaires’ RowClipper losing tenants that occupy 93% of 250 LivingstonClipper losing tenants that occupy 93% of 250 LivingstonBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160M
Commercial
South Florida

Rooms To Go CEO bags furniture store in Boca Raton

The property sold for $320 psf

Rooms to Go CEO Jeffrey Seaman and 9465 Glades Road (Credit: Google Maps)
Rooms to Go CEO Jeffrey Seaman and 9465 Glades Road (Credit: Google Maps)

Rooms To Go’s CEO Jeffrey Seaman bought a property down the road from his company’s store in Boca Raton.

Seaman purchased the property at 9465 Glades Road from Amherst, New York-based Benchmark Group for $8.45 million, records show. The building totals 26,344 square feet, which equates to a sale price of $320 per square foot.

Benchmark purchased the property for $7 million in 2004, the year the building was completed, records show.

Sign Up for the undefined Newsletter

The retail building’s current tenants are Thomasville Furniture & Antonini Modern Living. It’s close to the Florida Turnpike and I-95.

Benchmark Group is led by Arthur Gellman, George Gellman and Clarke Narins. The company has 6,000 apartment units in 12 states and nearly 4 million square feet of retail space in 11 states, according to its website.

Founded in 1991 and headquartered in Seffner, Florida, Rooms To Go operates furniture stores in about a dozen states. The company has a store half a mile away from the latest purchase, at 9465 Glades Road in Boca Raton.

Tags
Boca Raton