MIAMI–New York-based investor Rockwood Capital has acquired the joint venture interests of Wheelock Street Capital in One Boca Place, a 277,390-square-foot marquee office in Palm Beach County. The recapitalized partnership between Rockwood and Crocker Partners has also secured a floating-rate loan.
Crocker Partners re-acquired the property for $76.35 million in a joint venture with Wheelock Street Capital two years ago.
One Boca Place is the second-largest multi-tenanted office asset in Boca Raton and third-largest in Palm Beach County. The four-story building was developed in 1986 on a 7.7-acre site at 2255 Glades Rd. The building was 89% occupied at the time of sale. Notable tenants include PNC Bank, CBIZ, Proskauer Rose, Regus and Raymond James.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
