Family firm buys mixed-use center near Boca Raton for $40M as CRE deals chill

A family firm bought a 15-acre retail and office complex near Boca Raton for $40 million, amid softer South Florida commercial real estate deal activity.  Interface Properties, a Boca Raton-based firm led by Zac and Ken Goodman, purchased the 189,500-square-foot Fountains Center at Powerline Road and West Camino Real, using a $31.8 million acquisition loan from City National Bank, according to news releases from the buyer and debt broker. The financing has a fixed interest rate and a five-year term.  The seller is an entity led by James Caprio of Weston-based Titan General Partners, records show.  The $40 million purchase […]

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