Macquarie, Vanderbilt sell Boca Raton dev site planned for 300-unit apartment project for $21M

Macquarie Capital | Principal Finance and Vanderbilt Office Properties sold a multifamily development site approved for nearly 300 units in Boca Raton for $21.2 million.  NADG, or North American Development Group, bought the 6.8-acre site at 1800 North Military Trail, according to records and real estate database Vizzda. The land shares the same lot as a four-story building and a garage that are part of the Boca Center office campus. Macquarie and Vanderbilt kept the office building and garage.  NADG, which has offices in West Palm Beach and Toronto, Ontario, is a retail, residential and mixed-use investment firm that John […]This article originally appeared on The Real Deal. Click here to read the full story.