Seller Northpoint Investments was represented by Cushman & Wakefield capital markets senior associate Greg Miller, executive director Scott O'Donnell, director Miguel Alcivar and associate Michael Ciadella as well as by Colliers International industrial and office services executive managing director Michael Falk and executive director Scott Weprin.

Miller, O'Donnell, Ciadella and Hochman are based in Boca Raton, Alcivar is based in Miami, and Falk and Weprin are based in West Palm Beach.

Cushman and Wakefield equity, debt and structured finance group senior director Jason Hochman in Boca Raton represented the buyer in securing $7.4 million in acquisition financing from Citigroup Inc.

Northpoint Business Plaza is an older office product constructed in 1988 totaling 79,516 square feet.

Northpoint Investments bought the office park in 2014 for $4.8 million and implemented a capital improvement program, including refurbishing the suite interiors. This allowed the company to increase occupancy and up rents over the next couple of years.

The plaza was 97% occupied when sold. Tenants include the Healthy Mothers Healthy Babies Coalition of Palm Beach County Inc., construction contractor Kennedy Contractors Inc. and the Florida Department of Highway Safety.

"Tenants are attracted to Northpoint Business Plaza due to its efficient, single-story design, which keeps common area expenses to a minimum, providing one of the most cost-effective options in northern Palm Beach County," Cushman's Miller said in a news release.