CP Group-Led Team Buys Massive Boca Raton Mixed-Use Project

CP Group-Led Team Buys Massive Boca Raton Mixed-Use Project
News| November 6, 2026| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller.

The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park includes 268,391 square feet of office space, 276,461 square feet of retail space, and 293,988 square feet of residential space across 272 rental units. The joint venture plans to renovate and upgrade the development.

Danny Finkle, Matt McCormack and Michael Roukis of JLL represented Brookfield in the transaction. Danny Kaufman, Preston Bacon and Paul Stasaitis of JLL arranged financing, provided by Blackstone. CP Group and The Georgetown Company will collaborate to manage the office and retail properties, while ZRS Management will manage residential operations and leasing.

Other News

Greystar, Vantage Acquire Chamblee Property for 340-Unit Multifamily Community

Atlanta & Southeast + Apartment Buildings

Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...

Learn more

Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap

Apartment Buildings

Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...

Learn more

Mortgage Rates Tilt Demand Toward Multifamily: Marcus & Millichap

Apartment Buildings

An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up