CBRE Arranges Sale of Boca Center, a Mixed-Use Office and Retail Complex in Boca Raton

CBRE has executed on the sale of The Offices and Shops at Boca Center in Boca Raton, Florida.

The Offices at Boca Center is a collection of three Class A office buildings totaling 368,046 square feet and an approximately 5.9-acre office development site that make up the office component of the Boca Center mixed-use project. Christian Lee, Amy Julian and Andrew Chilgren with CBRE Capital Markets represented the seller in the office portion of the transaction. A joint venture between Vanderbilt Office Properties and Macquarie Capital acquired The Offices at Boca Center.

The Shops at Boca Center is a 117,106-square-foot retail center featuring Total Wine, as well as upscale retail and daily needs service uses in addition to highly successful dining destinations. CBRE’s National Retail Partners in Florida, led by Executive Vice Presidents Dennis Carson and Casey Rosen, represented the seller in the retail portion of the transaction.

“The Midtown Boca micro-market is unquestionably the premier office location in Boca Raton. The property's integration into the Boca Center mixed-use development provides an unparalleled live-work-play experience, and the location affords excellent access to major transit, the Boca Raton Executive Airport and top tier executive communities,” said CBRE Vice Chairman Christian Lee.

“The Shops at Boca Center is an irreplaceable upscale regional retail and dining destination ideally positioned in the heart of one of the nation’s strongest high income retail markets. Surrounded by Boca’s growing, affluent population, the property features a diverse mix of internet-resistant tenants,” said CBRE Executive Vice President Dennis Carson.

About Macquarie Capital 
Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. It encompasses corporate advisory, a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s balance sheet. Macquarie Capital has deep sector expertise in the aerospace, energy, defense and government services, consumer, gaming and leisure, financial institutions, healthcare, industrials, infrastructure, resources, software and services, technology, telecommunications and media sectors. 

Macquarie Capital Principal Finance, the financing and principal investing arm of Macquarie Capital makes investments from Macquarie’s balance sheet, provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients across North America, Europe and Australasia.

About Vanderbilt Office Properties
Vanderbilt Office Properties (“VOP”) is a vertically integrated office investor / operator which targets investment opportunities in high growth markets throughout the U.S. VOP has invested $5.2 billion and acquired/developed 100+ buildings over 39 transactions since inception in 2014. VOP currently manages 17.9 million square feet and has sold 9.0 million square feet ($2.0 billion) since inception. Learn more at www.VanderbiltOP.com