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| Congress Office Park, 220 Congress Park Drive, Delray Beach, FL |
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.
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| Bruce Timm |
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.”
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.
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
