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Florida & Gulf Coast  + South Florida  + Office  |  August 9, 2021
David Cohen
By: David Cohen

Grover Corlew Acquires Boca Raton Office Tower for $45M

Real estate investment group Grover Corlew has acquired Bank of America Tower, a 109,497-square-foot office tower in downtown Boca Raton. The sales price was $44.6 million.

Located at 150 East Palmetto Park Road in downtown Boca Raton, the property is located less than a mile of the Boca Raton Resort & Club, which is currently undergoing a $150 million renovation. Downtown Boca Raton is known for upscale restaurants, entertainment, shopping and lifestyle venues.  Tenants at the property include Bank of America, Charles Schwab and Waypoint Residential.

Dominic Montazemi, Scott O’Donnell and Mike Davis of Cushman & Wakefield brokered the transaction on behalf of the undisclosed seller. In addition, Jason Hochman and Ron Granite of Cushman & Wakefield facilitated the acquisition financing through Wells Fargo Bank.

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Inside The Story

CushWake’s Montazemi

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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