Around 2.2 million of the 2.9 million office jobs lost as the result of the pandemic have been recovered.

"This purchase is a steppingstone in our commitment to this market. We want to be at the forefront of Boca's resurgence, and to a greater extent, Palm Beach County. We are excited for the future," said a Grover Corlew partner.

The REIT still retains a 51% stake in the property and will continue to oversee its management.