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GMC Properties Sells Industrial Building

Boca Raton Building Sells for $7M
By Michael A Vento
January 11, 2006 | 7:11 P.M.

GMC Properties Inc. sold the industrial building is at 1601 Clint Moore Road in Boca Raton to Boca Raton Medical & Surgical Specialists LLC for $7 million, or around $104 per square foot. The listing broker reported that the property was not on the market at time of sale; an offer was made as the property was being marketed for lease. The property was built in 1984 and totals 67,000 rentable square feet. Robert C Smith and Jeffrey Kelly of CB Richard Ellis' Boca Raton office represented the seller.

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