This is the latest transaction in a well-documented plan by the Boca Raton private real estate investment trust to divest a portion of its commercial real estate portfolio of about six million sf.

Although it plans to keep the name of the office park, the Norfolk, VA-based commercial real estate investment company intends to manage the five buildings and 185,000 sf of leaseable space at the Boca Raton site as one of its Synergy-brand office parks. Completed in 1986, the Sanctuary Centre has an estimated 88% occupancy.

Besides the new acquisition, the Harbor also owns and operates about 1.9 million sf of Synergy-brand office parks valued at about $650 million in Virginia, Texas, Tennessee and South Carolina. The Synergy brand offers tenants access to broadband Internet services and networking opportunities via the Web site www.synergyproperty.com.

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