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Florida & Gulf Coast  + South Florida  + Office  | 
Institutional Property Advisors has completed a $9.5-million sale of the office building at 1095 Broken Sound Parkway in Boca Raton, FL.

Institutional Property Advisors Helps Seller with $10M Release of Boca Raton Office

Institutional Property Advisors, a division of Marcus & Millichap, has completed the $9.5-million sale of 1095 Broken Sound Parkway, a 46,593-square-foot Class A office building in the Park at Broken Sound office park in Boca Raton, FL.

Douglas Mandel, Tyler Kuhlman and Zachary Levine of Marcus & Millichap represented the seller.

“This asset is the newest Class A office building to be delivered in the 700-acre, dynamically evolving and highly desirable Park at Broken Sound live-work-play office park,” said Mandel.

“The Palm Beach County office market observed a strong rebound last year, as evidenced by the metro’s office-using employers’ recovery of all pandemic job losses by the second quarter,” added Kuhlman. “Currently, employers are on track to end the year 8,000 positions above pre-health crisis counts.”

The three-story concrete office building was constructed in 2008 and has single-deck structured parking and ample underneath parking with multiple entrances.

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Institutional Property Advisors' Mandel

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition