PALM BEACH, FL—In one of the hairiest deals of the year, Capmark Bank has disposed of the Fountains at Camino, a mixed-use, class B office and retail property. Boca Medical Plaza LLC snapped up the seven-building property for $16 million.
Located at 7000–7700 West Camino Real in Boca Raton, the park totals 184,575 rentable square feet including two banks and multiple medical office users. The building was 48% occupied at closing.
Scott O'Donnell and Dominic Montazemi from CBRE's Private Capital Group were joined by Christian Lee and Charles Foschini from CBRE’s Institutional Group in representing the seller, CB Camino Real. CB Camino Real is limited liability corporation of Capmark Bank.
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