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Crocker Sells 97,570-SF for $136.31 per SF

BOCA RATON, FL-ACP Glades, an affiliate of Miami-based Americas Capital Partners, paid $13.3 million for two, four-story office buildings, 42 miles north of Downtown Miami.

By David R. Corder | Updated on May 24, 2001

BOCA RATON, FL-Locally based Crocker Realty Trust has sold two four-story office buildings totaling 97,570 sf to ACP Glades, an affiliate of Miami-based Americas Capital Partners, for $13.3 million or $136.31 per sf.

The sale is Crocker’s latest transaction in a well-documented plan to divest a portion of its commercial real estate portfolio of about six million sf. Boca Raton is 42 miles north of Downtown Miami.

Recorded documents confirm the privately owned REIT has transferred the deed on the Glades Twin Plaza office buildings. ACP Glades, formed in March, operates out of the offices of Americas Capital Partners, a real estate investment and management company.

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