CBRE ARRANGES OFFICE BUILDING SALE IN FLORIDA

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HOBE SOUND, FLA. — DiVosta Investments has purchased the Bank of America building in Hobe Sound for $1.87 million or $127 per square foot. Built in 1972, the two-story, approximately 14,686-square-foot office property was 100 percent occupied at the time of acquisition. William Strauss, David Donnellan, Todd Weintraub and Warren Sears of CB Richard Ellis represented the seller, Evanston, Ill.-based Bridge Road LLC, in the transaction.

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