Supplements mogul Darielle Singerman sold an industrial building at Boca Raton’s Park of Broken Sound for $18.7 million.
An entity managed by Serge Abecassis in Boca Raton bought the 78,024-square-foot warehouse at 701 Park of Commerce Boulevard completed in 2001, records and real estate database Vizzda show. The buyer also obtained a $11.5 million mortgage from BMO Bank.
The deal breaks down to $240 per square foot.
Anthony Mamann with LRM CREA represented the buyer, and Paul Bergman and Jean Phillips with Douglas Elliman represented the seller.
An entity managed by Singerman, the self-described “boss lady” of Boca Raton-based RedCon1 fitness supplements, paid $10.5 million in 2021 for the 5-acre property within Park at Broken Sound, a 700-acre mixed-use development, records show.
In 2022, Singerman sold her Boca Raton waterfront mansion for $10.2 million shortly after her husband Aaron Singerman’s release from prison. The previous year, Aaron Singerman received a four-year prison sentence after he pleaded guilty to federal charges of conspiring to sell illegal steroids through Blackstone Labs, another supplements brand he owned, court records show. He was released from prison after serving only a fraction of his sentence.
In addition to owning RedCon1 supplements, the Singermans also own a gym under the same name.
Park at Broken Sound was originally developed in the 1970s as the Arvida Park of Commerce with only office buildings. The development was rebranded in 2015 and a slate of different developers added retail, industrial, entertainment and residential projects over the years.
In January, Meyers Accesso — a joint venture between Aventura-based Meyers Group and Hallandale Beach-based Accesso Partners — paid $25 million for The Atrium at Broken Sound, a three-story office building sitting on 10 acres in Park at Broken Sound. Meyers Accesso also took over an existing $15.9 million loan from the seller, New York-based Alchemy-ABR Investment Partners.