Institutional Property Advisors, acting as exclusive advisor on behalf of Owner, is pleased to present the opportunity to acquire the 100% fee simple interest in 1200 Corporate Place (the “Property”), a 137,021 square foot, four-story, class A, boutique office building located in Boca Raton, Florida. The Property is situated in the East Boca Raton submarket and provides immediate access to Boca Raton’s most sought after waterfront residential communities including The Sanctuary, Royal Palm Country Club, and The Golden Triangle.
Situated on 5.3 acres at one of Boca Raton’s most highly visible intersections of Glades Road and Federal Highway (US-1), 1200 Corporate Place enjoys a daily car count of 50,000, providing tremendous exposure for its tenant base. Given its proximity to downtown, and only a half mile north of Mizner Park, tenants enjoy the amenities of a downtown office building without the expense of the downtown office rents, which are exceeding $75 per square foot. The Property is also in close proximity to the Brightline Station, Boca Raton Resort & Club, the Boca Raton Airport, Interstate 95 and dozens of high-end restaurants and shops.
Constructed in 1984, 1200 Corporate Place underwent an extensive $2.5-million+ renovation in 2024, elevating the building’s status as a premier destination for businesses. The renovation included a total upgrade of the lobby, interior and exterior fountains, parking lot refurbishment and upgrades to landscaping. The Property boasts a two-story parking garage with 177 parking spaces and a total parking count of 443 spaces, of which 162 are covered. The Property is currently 84-percent leased with 40 percent of its rental square feet set to expire within the first 4 years of ownership, providing investors with a tremendous mark-to-market opportunity.