MIAMI—A New York buyer snapped up a two-story office building in Boca Raton that BB&T once called home. Lido Realty LLC bought the 8,010-square-foot asset for $4.6 million.
Located at 140 North Federal Highway, the office building was 100% leased at the time of sale. The main tenant, BB&T, no longer occupies the space but is still obligated to its original 12-year lease.
The seller, 140 N. Federal Hwy LLC, was represented by the CBRE Private Capital Group of vice president Dominic Montazemi, senior vice president Scott O'Donnell, and associate Miguel Alcivar. Forte Capital Management represented the buyer.
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