Aquila Property Co. purchased a 190,000-square-foot office park in Palm Beach County, Fla.

The value of the transaction was not disclosed.

The property, known as Innovation Business Park, is located at the northwest section of Beeline Highway and Innovation Drive.

The 16-acre campus includes a 450-seat cafeteria, a daycare center, fitness facility and a 400-seat AV presentation room.

Aquila purchased the property from The Weiss Group, a nationally recognized group of companies that includes firms dedicated to publishing, financial ratings and money management. The Weiss Group will keep its corporate headquarters at the property under a long-term lease for 50 percent of the office space.

DeVries Real Estate Counselors Inc. handled the sale of the property for The Weiss Group.

Aquila Property Co. Inc. is a South Florida-based company that specializes in acquiring and upgrading suburban office buildings.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Black Friday starts now! We've got great deals on Inman Connect New York in-person and virtual tickets. Register now×
Cyber Week Sale: Get 1 year of Inman Select for $75.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription