Macquarie Lists Boca Center Offices at $200M, Up From $171.5M

Macquarie Capital has put Boca Center’s three-tower office campus in Boca Raton on the market at $200 million, according to The Real Deal. The seller is the same group that bought the offices in 2022.

Why it matters

The ask is the owner move. In April 2022, Macquarie Capital and Vanderbilt Office Partners paid $171.5 million for the office component from a Barings affiliate, per The Real Deal and Commercial Observer. Asking $200 million puts the list price about $28.5 million, or roughly 17%, above that purchase.

For agents, the listing tests whether trophy suburban office still trades on tenant quality. The campus includes JPMorgan, PwC, Ernst & Young, UBS, FINRA and AMN Healthcare, per the listing coverage.

Note what is not in the package. The retail component went to SITE Centers in the 2022 split, and the Marriott-branded hotel at 5150 Town Center Circle is owned by AVR Realty.

The numbers

• Ask: $200 million, or $528 per square foot, on about 379,000 square feet of Class A office.
• Leasing: 86% overall, and 98% in the Town Center Circle buildings.
• 2022 office price: $171.5 million for three buildings built between 1986 and 2008.
• Whole-campus 2022 trades: $261.5 million across office and retail, excluding the hotel.

For nearby context, our Palm Beach County Property Appraiser pull shows a different office building at 5355 Town Center Rd sold to Thor Equities Acquisition LLC for $62 million, recorded September 1, 2026. It is a separate property, not part of Boca Center.

What’s next

Expect the marketing period to show whether buyers will pay a premium to the 2022 price with 14% of the campus unleased. Watch the Palm Beach County deed records for a recorded sale and any lender payoff behind it. More Boca deals are tracked on our South Florida hub.