1750 Clint Moore Road
StateTrust Group just paid $13 million for a new headquarters building in Boca Raton.
An entity tied to Melvin Stier sold the 51,000-square-foot office building at 1750 Clint Moore Road. The three-story building traded hands for about $260 per square foot. It was built in 1996 and sits on a 5-acre lot within the 700-acre Park of Broken Sound.
The buyer, Boca 1750 LLC, is led by executives at the Miami-based investment management firm StateTrust Group, an affiliate of StateTrust Wealth Management. The company is currently based at 800 Brickell Avenue and is expanding, said Molly McDonough of Butters Realty & Management, who represented the seller with her partner Darcie Lunsford.
The buyer was represented by Marcy Javor of Signature One.
Records show the building last sold in 2013 for $12.7 million. At the time, Mobile software firm OpenPeak Inc. was the sole tenant. W.R. Grace & Co. and ADT were previously tenants.
Earlier this month, a nearby 116,000-square-foot office building sold for $24 million.
New apartment projects from developers like Armando Codina and Jim Carr, Jimmy Tate and Sergio Rok, and Altman Development Corp. are also underway at the park.
from The Real Deal Miami https://therealdeal.com/miami/2018/06/21/former-boca-raton-hq-of-w-r-grace-co-sells-for-13m/
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