NY investor picks up Boca office complex for $79M amid CP Group’s sell-off

Golden East Investors bought the One Boca Place office complex from CP Group for $78.9 million. The deal panned out to about $283 per square foot for the 278,000-square-foot office complex at 2255 West Glades Road. City National Bank of Florida provided a $82.1 million loan to the buyer. It’s the latest in a series of big sales from Boca-based CP, which last month offloaded the Boca Raton Innovation Campus to Related Ross and the Two Town Center offices to Thor Equities. The three office complexes are located within five miles of each other, near Interstate 95. CP, led by […]

This article originally appeared on The Real Deal. Click here to read the full story.