Deerfield Beach Office Park Sells for $16M

DEERFIELD BEACH, FL-HEC Investments LLC has purchased the 167,000-sf Hillsboro Executive Center North office park here for $15.7 million. The price equates to a little more than $94 per sf. The sellers of the six-building, two-story park were Morgan Stanley and Fidelity Investments.

The park is located at 350 to 600 Fairway Drive, adjacent to Interstate 95 at the Hillsboro interchange, and is about two miles south of Boca Raton and 20 miles north of Fort Lauderdale. Suite sizes at the park range from about 900 sf to more than 20,000 sf. Parthenon will continue to lease and manage the property.