An affiliate of the real estate firm ICM Realty Group has purchased the Atrium office building in the Park at Broken Sound for $17.05 million. Built in 1986, the 100,688 sqf office building sits on an 8 acre site on Broken Sound Parkway in Boca Raton. The deal breaks down to $157 per square foot. This acquisition is the company’s fifth in South Florida. Florida Community Bank provided a $11.99 million mortgage to complete the transaction.
“We love the building and we love the opportunity to add value by leasing it up more and doing a cosmetic renovation,” said ICM Managing Director Andrew Webb. “We continue to focus very heavily on the Southeast Florida market in terms of more acquisitions.”
