ICM Realty Group Buys Congress Office Park in Delray Beach, FL

Congress Office Park, 220 Congress Park Drive,
Delray Beach, FL

DELRAY BEACH, FL    –  ICM  Realty  Group,  the  international  real  estate  investment  and  management  firm,  announced  it  has  purchased  Congress  Office  Park,  one  of  the  area’s  best 

located office properties at 220 Congress Park Drive in Delray Beach, FL. 

The purchase represents ICM’s  second investment in Florida this year.  The purchase was made on behalf of ICM’s (VII) U.S. Core Plus  Realty Trust, a fully discretionary private equity fund focused on acquiring and developing office, retail  and medical office properties. 

 

Bruce Timm

As part  of  the   purchase, ICM has committed to continuing  the    property’s  significant  capital improvements that were undertaken by its prior owner.

 In addition, ICM intends to open its first Florida  office in the building so that it can focus on investing in the Southeast Florida market. 

 

”We are pleased to be purchasing a building that is poised to capitalize on the recovering leasing market and to be  expanding our portfolio in Southeast Florida’s steadily growing economy,” said Bruce Timm,  ICM’s  CEO.  “This  investment,  as  well  as  the  opening  of  our  Florida  office,  signals  our  ongoing  commitment to the market.”  

 

”A  trademark  of  ICM  is  the  company’s  ability  to  provide  tenants  with  immediate,  positive  changes  resulting from ICM’s signature hands-on approach,”  said ICM Managing Director Andrew Webb. 

“Our  intention is to enhance Congress Office Park’s title as the premier choice for tenants seeking well-located, 

high-quality office space that has all the traits and amenities of a newly developed office building.”   

Congress Office Park is strategically located on the southwest corner of West Atlantic Avenue and South  Congress Avenue in Delray Beach, FL. 

With a number of nearby retail amenities and direct access to I-95  and  downtown  Delray  Beach,  the  building  maintains  superior  accessibility  and  visibility.

  Its  central  location allows companies to access multiple talent pools in order to attract and retain employees from all  areas of the metro.

 The 97% occupied building includes a 3-story tower, underground climate controlled  parking, an outdoor patio area overlooking the lake and stunning views of the adjacent golf course.  

 

ICM  thanks  the  tireless  efforts  of  Grover  &   Corlew,  CBRE  and  Cohen  Norris  in  completing  this  transaction. 

 

For a complete copy of the company’s news release, please contact:

Andrew Webb

ICM Realty Group, LLC

7900 International Drive, Suite 150

Bloomington, MN 55425, USA

Tel:    +1 952 883 3107

Email: awebb@icmgroup.net

Web:   www.icmgroup.ca