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Office Depot Acquires Boca Raton HQ for $132M
Office Depot acquired its headquarters building in Boca Raton, FL from EQC Operating Trust, a subsidiary of Chicago-based Equity Commonwealth, for $132.1 million. The 640,000-square-foot property is located at 6600 N. Military Trail, and encompasses nearly 29 acres.
The building was built in 2008, and last traded for $171 million in 2011.
The transaction was part of a six property sale completed by Equity Commonwealth comprising 1.6 million square feet, for a combined sales price of $216.1 million. In addition to the Office Depot property, five office and industrial assets totaling 1 million square feet in Maryland, Minnesota, and Missouri were sold for $84 million.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition