Green Touch Builders | BlackRock takes loss on sale of Boca Raton office buildings
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April 20, 2015 By SEO Admin

BlackRock takes loss on sale of Boca Raton office buildings

The Glades Twin Plaza office complex in Boca Raton sold for $23.75 million to a Dallas-based firm.

Glades Twin Plaza Tower, an affiliate of BlackRock Realty Advisors, paid $25.6 million for the buildings at 2300 W. Glades Road in 2006 so it took a loss on the deal. The two buildings totaling 104,926 square feet on 5.3 acres were acquired by L&B CIP Glades Twin Plaza, an affiliate of Dallas-based L&B Realty Advisors, which manages real estate investments for institutional investors and wealthy individuals.The…