BOCA RATON, FL-1200 Corporate Place, a 137,021-square-foot, four-story office building, has traded for $15.25 million. Keystone Property Group acquired the asset from Equity Office.

Christian Lee, vice chairman of CB Richard Ellis’s Capital Markets Group in Miami, arranged the sale with assistance from colleagues Charles Foschini, Christopher Apone, Scott O’Donnell, Jeffrey Kelly, and Dominic Montazemi. The building is about a 30-minute drive from both Palm Beach International Airport and Fort Lauderdale International Airport.

“This acquisition will enable Keystone to continue its strategy of acquiring undercapitalized assets in a prime location like Boca Raton, and repositioning them to meet market demand,” Bill Glazer, president of Keystone Property Group, tells GlobeSt.com. Earlier this year, Keystone acquired 15 Kings Grant Drive, a 53,920-square-foot office building in Bala Cynwyd, Pa., which the company plans to improve, rebrand, and aggressively market.