A four-member investor team sold the 150,000-square-foot Uptown Boca in Boca Raton for $118.43 million. Giles Capital Group, Rosemurgy Properties and Schmier Property Group developed the project in partnership with Wheelock Street Capital. Stockbridge Capital was the buyer.
The seven-building retail portion of Uptown Boca was built on the 19-acre site in 2020. In 2021, the four-member team sold an adjacent 456-unit apartment complex to Cortland for $230 million.
In addition to anchor-tenant Whole Foods, tenants in Uptown Boca include Bonefish Grill, Sephora, Chick-fil-A, and HomeSense. Fitness club Lifetime signed a lease in Uptown Boca and should open later this year.
On its website, Stockbridge says the firm offers a range of investment products designed for both institutional and individual investors, providing exposure to private real estate across various risk profiles. Offerings include open and closed-end funds featuring diversified and single-sector focuses, as well as joint ventures for large-scale capital deployment within specific sectors.Â
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