Search
 

REM Management Acquires 40,720 SF for $9M

BOCA RATON, FL-The 7800 Congress Centre class A office building is 60% occupied by URS Corp.

By Natalie Keith | Updated on March 28, 2008

BOCA RATON, FL-Michigan-based REM Management Inc. has acquired the 40,720-sf 7800 Congress Centre class A office building for just under $8.5 million, or $208 per sf. The building was 85% occupied at the time of the sale.

The main tenant in the building is New York City-based URS Corp., which occupies 61% of the building. The seller, 7800 Congress L.C., was represented by CB Richard Ellis senior vice president Scott O’Donnell and senior associate Dominic Montazemi. O’Donnell and Montazemi were the sole brokers.

O’Donnell tells GlobeSt.com that the seller was an entity comprised of three locally based partners. “The property was being sold because the partners are looking to diversify their assets outside of Florida,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.