TIC investors sell Fountain Square

Property held less than 3 years

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A group of tenant-in-common investors have sold Fountain Square in Boca Raton, Fla., for an undisclosed price. The 242,139-square-foot, three-building office complex is located in the city's Glades Road submarket on a 15-acre site. The TIC sellers had originally purchased the asset in October 2004, and sold it to JP Morgan Chase Bank. At the time of sale, the property was 82 percent leased to tenants that included Ameriprise Financial Inc., Teamstaff Inc., and Rosemont Farms. ...