MIAMI, FL – The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged the sale of the IBM Office Building, (above photo) a 160,000-square-foot Class A office building in Boca Raton, Florida.HFF executive managing director Manny de Zárraga (top right photo) and managing directors Danny Finkle (top left photo) and Hermen Rodríguez, (middle right photo) marketed the property exclusively on behalf of the seller, Falcon Real Estate Investment Co. L.P. as an adviso
r to London-based Strategic Real Estate Advisors.Flagler Development Company purchased the IBM Office Building and assumed existing debt on the property.
The four-story property was completed in 2001 as a build-to-suit for IBM, which leases the entire property. Features include hurricane resistant windows, 40,000-square-foot floor plates, a dining facility and parking for 936 cars.
Located at 8051 Congress Avenue, The IBM Office Building is close to Interstate 95 in Boca Raton. 
Falcon Real Estate Investment Co. L.P. is a specialized professional organization that provides a full range of advisory and management services for foreign investors in U.S. real estate.
Flagler Development Group (Flagler) owns, develops, leases and holds in joint ventures approximately 9.2 million square feet of Class A office and industrial space, as well as an additional 1.2 million square feet under construction in Florida.
The company also provides construction, consulting and third-party brokerage and management servi
ces to its customers. Flagler owns 921 acres of entitled land in Florida, directly and through joint ventures, which is available for development of up to an additional 16.5 million square feet.
ces to its customers. Flagler owns 921 acres of entitled land in Florida, directly and through joint ventures, which is available for development of up to an additional 16.5 million square feet.HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.
HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.
CONTACTS:
CONTACTS:
Manuel de Zarraga, HFF Executive Managing Director, 305 448 1333, mdezarraga@hfflp.com
Daniel P. Finkle, HFF Managing Director, 305 448 1333, dfinkle@hfflp.com
Hermen Rodriguez, HFF Managing Director, 305 448 1333, hrodriguez@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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