Archstone Acquires Palmetto Promenade Site for $20.1M

Archstone New Development Holdings acquired the 5.78-acre Archstone Palmetto Promenade site in Boca Raton, Florida from Fifth Third Bank for $ 20.125 million, or about $ 3.5 million per acre. The 18-parcel site fronts E. Palmetto Park Road and spans NE 3rd and 4th Avenues. The site wa
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