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Singapore-Based PRIME US REIT Acquires One Town Center Office In Boca Raton For $99.5 Million

Singapore-Based PRIME US REIT Acquires One Town Center Office In Boca Raton For $99.5 Million

July 26, 2021

The Singapore-based Prime US REIT has acquired the One Town Center office building in Boca Raton for $99.5 million. The sale price equates to $520 PSF and a 5.8% CAP rate. The seller was a joint venture between the buildings developer, the Boca Raton-based CP Group, and New York City-based Siguler Guff & Co.

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In Acquisitions, Closed, Commercial, Boca Raton, News, News & Features, Office Space, Traded Tags Acquisitions, Closed, Traded, Office, Commercial, Boca Raton, News, News & Features, One Town Center, Prime US REIT, CP Group, Siguler Guff & Co, Crocker Partners, Thomas Crocker, CBRE, KBS, 5355 Town Center Road, July 2021, Andrew Chilgren, Royce Rose, Amy Julian, Chris Lee, José Lobón
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