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Procacci Development Corporation Announces the Sale of Emerald View at Vista Center, West Palm Beach, to KBS REIT II BOCA RATON, Fla. – An affiliate of Procacci Development Corporation, a full- service real estate developer based in Boca Raton, has closed on the sale of Emerald View at Vista Center to KBS Real Estate Investment Trust II (KBS REIT II), a non-traded real estate investment trust affiliated with KBS Realty Advisors, one of the nation's largest buyers of commercial real estate and structured debt investments. On December 9, 2010, KBS REIT II purchased this signature hurricane-resistant, 139,471-square foot, Read more…
South Florida Business Today
BOCA RATON, FL - Procacci Development Corporation, a full service real estate developer based in Boca Raton, has secured its Certificate of Occupancy for the comprehensive renovation of a 50,000 square foot building in Orlando, Florida that is 100% occupied by the General Services Administration. Located at 9495 Delegates Drive, Orlando, the building was redeveloped to meet specific and extensive requirements of the GSA. As with many of the buildings within the Procacci portfolio, a significant investment was made to enhance the structural integrity of the building and to meet Zurich HPR (Highly Protected Risk) standards including, the installation of Read more…
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