MIAMI–Crocker Partners and Rialto Capital Management have acquired the Boca Raton Innovation Campus for a reported $179 million, according to Real Capital Analytics.
The 125-acre business park was sold by Farallon Capital Management and Next Tier HD, according to news accounts. The new owners plan to hold the property for the long term and make upgrades to the buildings, they told reporters.
In a separate transaction, Crocker Partners has also just recapitalized its ownership in One Boca Place, with Rockwood Capital buying out Wheelock Street Capital.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
