X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Merrill Lynch Trust has signed a lease for 10,000 sf of office space valued at $3.4 million at Boca Center, Tower 1. This translates to $34 per sf for the 10-year lease.

The two mixed-use towers are located at 5100 and 5200 Town Center Circle in the central core of Boca Raton.

“We continue to be pleased at both the activity and the quality of tenants committing to Boca Center,” Mike Erickson, who represented the property owner, 485 Properties, tells GlobeSt.com. Erickson is first vice president with the Palm Beach County office of CB Richard Ellis Inc.

Erickson also recently represented 485 Properties in the lease of 12,200 sf in Boca Center, Tower 2 to the Miami-based law firm Greenberg Traurig LLP. That firm is paying more than $32 per sf for a seven-year lease, valued at approximately $2.8 million.

Cresa Partners of Miami represented New Jersey-based Merrill Lynch Trust.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.