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Crocker Partners Snaps Up Building for Second Time

South Florida Office

Crocker Partners, along with JV partner Wheelock Street Capital of Boston, acquired the 277k SF One Boca Place in Boca Raton for $76M from a Tallahassee-based entity led by investor Ron Ragsdale. It’s the second time that Crocker has owned the building—it had it back in the mid-'90s—and Crocker managing partner Tom Crocker says that he’s certain enough of the future of the office market to know that the building has a lot of upside. It also helps that the company knows the asset and its market in great detail, he adds. 


Located on Glades Road between I-95 and the Florida Turnpike and near Town Center Mall, One Boca Place is currently 81% leased, including to lead tenants Proskauer Rose, Regus, and Raymond James. The deal puts Crocker Partners’ Florida holdings at 5.2M SF, with 2.4M SF in South Florida. The company also has a major presence in Jacksonville, where it recently launched a rebranding and improvement program for the 752k SF Prominence office park.