RJS Realty Group brokered the sale of Wharfside at Boca Pointe, a 107,149-square-foot specialty office/retail center in Boca Raton, Fla.

The value of the transaction was approximately $18.8 million.

The property is located at the intersection of Powerline Road and SW 18th Street in the Boca Pointe PUD.

MDN Wharfside Ltd., a private investment group, sold the property to DRA Advisors LLC of New York, a registered investment advisor to institutional and private capital. The property was originally developed in 1986.

RJS Realty Group provides real estate investment brokerage and advisory services to institutional and private owners and investors.

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