US TechCenters acquired a warranty deed on the three-story building in September 2000 from Golden Triangle Realty Inc. in exchange for $4.06 million, or roughly $35 per sf, according to Palm Beach County property records.
Although it recently renovated the facility to accommodate telecom use, US TechCenters did not specify how much it invested into the facility. In a prepared statement, the owner says the decision to sell the property was prompted by softness in the telecommunications sector and the stagnant demand for space nationally in high-tech facilities.
Crow senior associates, Connie Thomas and Todd Everett are marketing the property.
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© 2024 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.