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Siemens Boca Raton Campus
Boca Raton, FL


Acquisition Date: July 2007
Project Size: 211,000 square feet
Acquisition Cost: $37 million
Acquisition Cost
per SF:
$175
Major Tenants: Nokia Siemens Networks

Deal Highlights:

This 40-acre, 3-building Siemens Campus includes the 122,000 SF, 5-story, Class “A” headquarters building for Nokia Siemens Networks LLC. The three buildings are 100% leased to Nokia Siemens, and Siemens related companies. The purchase includes 17.2 acres of unimproved land suitable for the development of up to 480,000 SF of office, light industrial, or high technology space. The Campus is located in the 792-acre Arvida Park of Commerce in central Boca Raton, and is considered one of the major corporate office parks in South Florida.

 
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