BusinessSaturday, November 7
Boca Raton's Mizner Park has been sold to a group that includes its original developer, CP Group
The 5AM Boynton Beach team
Mizner Park, the 30-acre mixed-use center in downtown Boca Raton, has new owners. A joint venture of CP Group, The Georgetown Company and ACRE, with investment partner StepStone, bought the 838,840-square-foot property. WPBF reports Brookfield Properties was the seller, and The Palm Beach Post reports it was bought back by a company whose founder, Tom Crocker, built the center in 1991.
Mizner Park spans 838,840 square feet
Floor area of Mizner Park, beside places you know
15 football fields would fit inside Mizner Park
Source: The Boca Raton Tribune
View as table
| Floor area | |
|---|---|
| Mizner Park | 838,840 sq. ft. (30 acres) |
| A football field | 57,600 sq. ft. (end zones included) |
| A Walmart Supercenter | about 180,000 sq. ft. |
The new owners plan to work with the City of Boca Raton on upgrades.
- Retail: Georgetown leads new facades, landscaping and wayfinding
- Apartments: ACRE will renovate the 272 rentals
- Offices: common areas get upgrades
- Transit: five-minute walk to the Brightline station
Mizner Park covers 30 acres, 272 apartments and offices
- 30
- acres in downtown Boca Raton
- 272
- rental apartments
- 268,391
- square feet of commercial space
Source: The Boca Raton Tribune
“Returning to Mizner Park is a homecoming for us, both as its original developer and as a Boca-born firm.”
Sources: The Boca Raton Tribune, The Palm Beach Post, WPBF