PEBB Enterprises, Contrarian Capital Close $17.4 Million Sale of Office Building at Meridian Park of Commerce

PEBB Enterprises, Contrarian Capital Close $17.4 Million Sale of Office Building at Meridian Park of Commerce

PEBB Enterprises, in partnership with Contrarian Capital, announces the $17.4 million disposition of a 70,400 square-foot office building within Boca Raton’s Meridian Park of Commerce. The price equated to $247 per square foot.

The sale of the 6551 Park of Commerce Blvd. building closed on Oct. 23. It marks PEBB and Contrarian’s successful exit from its 2022 investment in two office buildings within The Park at Broken Sound. The partnership sold the other building in February 2025.

CBRE’s Joe Freitas represented PEBB in the transaction.

The Park at Broken Sound is a 700-acre mixed-use business park conveniently located directly off I-95. It offers free shuttles to and from the city’s Tri-Rail station and is close to lifestyle, entertainment, and recreation centers.

PEBB also owns the 5900 Broken Sound building, which is leased to Infinity Sales Group and is in The Park at Broken Sound.