A joint venture between Coconut Creek based Butters Construction & Development and San Francisco based Bristol Group has purchased a closed golf course in Deerfield Beach. The plan is to convert the closed course into a business park with 1 million feet of office and industrial space. The 74.4 acre property is located north of Hillsboro Boulevard between Fairway Drive and Northwest 4th Avenue. Trading for $10 million, the joint venture partnership also purchased a 6,314 square foot strip of land along Fairway Drive for $100,000 that could be used to expand the entrance road. The project is slated to break ground in April on the first two buildings, along with a host of infrastructure improvements in the park. The first two buildings are planned to be finished by fall 20016. The property was last sold in 2007 for $4.2 million.
