CBRE has arranged the $99.5 million sale of One Town Center, a 191,294-square-foot office tower in the Boca-Glades micro-market of Boca Raton.

One Town Center is a 10-story building with an adjacent 435-space parking garage and 274 surface parking spaces. The property is located in the Midtown Boca Raton corridor, close to upscale executive housing and 1.2 miles from I-95. The building was developed by Tom Crocker in 1991 as the worldwide headquarters for WR Grace as part of their relocation from New York. WR Grace vacated in 2001 and the space was reabsorbed by Tyco, a national security systems company. The property was sold to Crocker Partners in 2012, who brought the building from 26% to 94% occupancy.

Christian Lee, José Lobón, Amy Julian, Andrew Chilgren and Royce Rose of CBRE represented the seller in the transaction, CP Group, formerly Crocker Partners. The buyer was Prime US REIT.