Affiliates of Tital General Partners spun off a three-office/retail portfolio in Boca Raton for $92.75 million. The portfolio was about 90% occupied. The S. Florida Business Journal reports the buyer of the three office buildings was the Berritto Family Office. RARE CRE brokered the deals.
The three buildings were: Boca Wharfside, part of Titan General Partners, sold the 130,346-square-foot Boardwalk at 6885 S.W. 18th St., west of Boca Raton, for $43 million.It was built on the 10-acre site in 1986. Tenants include BurgerFi, Dunkin’, Rafina Greek Taverna, Holloway’s Irish, Women’s Health Partners and Quest Diagnostics. Another Titan affiliate sold the 126,930-square-foot City National Bank Plaza at 7000 W. Palmetto Park Road (shown) for $33.7 million. Titan also was affiliated with a group that sold the 58,939-square-foot Grove Centre at 21301 Powerline Road for $16.05 million. It was built on the 3.46-acre site in 1983.
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