PALM BEACH, FL—It’s a deal that demonstrates the value of strategically-located land in South Florida. A Boca Raton developer snapped up a lot complete with an office building with plans to raze the physical assets and redevelop the five-acre lot for retail purposes.
Liberty Property Limited Partnership sold a 49,000-square-foot office building at the corner of Military Trail and Clint Moore Road in Boca Raton to Win-Preferred LLC. The price: $4.2 million.
Andy Strasser, a broker at AGS Realty, was the only broker in the transaction. Strasser tells GlobeSt.com the buyer plans to build a Walgreens store and two major banks on the site, including a TD Bank branch.
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