Delray Beach, Fla. – July 27, 2021 – CBRE has arranged the sale of Old School Square, a 10,260-sq.-ft. office building in Delray Beach. Manimal Land Co. sold the property to Diamond Communications LLC, for $6.3 million. The firm will occupy 4,926 sq. ft. of the second floor and lease the remaining 5,334 sq. ft. of the building.

CBRE’s Owen Sagar and John Jaspert represented the seller in the transaction.

“The client shifted from leasing to selling the building,” said Sagar “We were able to find a buyer who will occupy a portion of the building and lease out the remaining space. The Palm Beach County office market is one of the hottest in the U.S. right now and there is strong interest from prospects to lease the first floor.”

Old School Square is a newly renovated building that is in downtown Delray Beach and within walking distance of dozens of restaurants, shops and hotels. The building comes with on-site parking, a rare amenity in the area.