The three buildings are 100% leased to Nokia Siemens and Siemensrelated companies. The acquisition price was not released.
The acquisition includes 17.2 acres of land that may bedeveloped into 480,000 sf of office, light industrial or hightechnology development. The 792-acre Arvida Park of Commerce iscentrally located and Siemens is one of the top 10 employers inBoca Raton.
"The Arvida Park of Commerce has a national reputation forquality buildings and attracting high-end tenants to the thrivingBoca Raton market," says Mainstreet Capital Partners president PaulKilgallon, in a prepared statement. "South Florida's uniquecombination of high growth and significant barriers to entry makeit an attractive investment choice."
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