Hollywood, Florida – The DeMarco Real Estate GroupTM of RE/MAX 5 Star Realty announces the $31,414,000 sale of 1200 Corporate Place Park at 1200 N. Federal Hwy in Boca Raton, Fla.

The Property is a 137,021-square-foot, four-story, Class A, boutique office building situated in the East Boca Raton submarket, providing immediate access to Boca Raton’s most sought-after waterfront residential communities, including The Sanctuary, Royal Palm Country Club and The Golden Triangle.

John DeMarco of The DeMarco Real Estate GroupTM represented the buyer in the transaction, Allen Chelminsky. Douglas Mandel represented the seller, KeyStone. City National Bank financed the transaction.

Constructed in 1984, 1200 Corporate Place underwent an extensive $2.5-million renovation in 2024, elevating the building’s status as a premier destination for businesses. The renovation included a total upgrade of the lobby, interior and exterior fountains, parking lot refurbishment

and landscaping upgrades. The property features a two-story parking garage with 177 parking spaces and a total parking capacity of 443 spaces, including 162 covered spaces.

“This transaction underscores continued investor interest in well-positioned, high-quality office assets in South Florida,” said John DeMarco, Team Leader and President of the DeMarco Real Estate GroupTM.  “1200 Corporate Place offers a compelling blend of visibility, location and potential in one of Boca Raton’s most desirable submarkets.”

About John DeMarco and the DeMarco Real Estate GroupTM

John DeMarco, Team Leader and President of the DeMarco Real Estate GroupTM, has been selling commercial real estate in South Florida for more than 20 years. The team works with both buyers and sellers and are experts in the industry. Whether selling an Assisted Living Facility, a shopping center, an office building or an industrial warehouse, the DeMarco Real Estate Group have the marketing skills and investor relationships to get the job done. The team is great at analyzing the specific product we are marketing, identifying and procuring the right investor, and maximizing their client’s NET profits. For more information, visit www.demarcogroup.com.

Contact: Amy Wilczynski

586.945.1250 – amywpr@gmail.com

Each RE/MAX office is independently owned and operated.