Interface Properties Acquires Mixed-Use Campus ‘Fountains Center’ In Boca Raton

Interface Properties has acquired Fountains Center, a 189,542-square-foot mixed-use office, medical, and retail campus at 7000-7700 W. Camino Real in Boca Raton. Located at the intersection of Powerline Road and West Camino Real, the seven-building property is currently 95 percent leased and includes excess land approved for the future development of a 21,000-square-foot office building.

Built between 1980 and 1990, Fountains Center has served Boca Raton businesses, healthcare providers, and residents for decades. The campus contains a mix of office, medical, retail, and service-oriented tenants, with approximately 54 percent of the property leased to medical office users. Current tenants include Citi Bank, Truist Bank, University of Miami Miller School of Medicine, Salt Academy, Traditions South, and numerous independent healthcare providers.

Interface intends to initiate a multimillion-dollar capital improvement program designed to enhance the property and tenant experience. Planned upgrades include façade enhancements, landscaping improvements, and restoration of the property’s signature fountains.

“Fountains Center embodies the type of opportunity we look for as investors,” said Zac Goodman, Managing Partner of Interface Properties. “It combines strong in-place cash flow, meaningful redevelopment potential and an attractive basis in one of South Florida’s strongest real estate markets. Just as importantly, it’s a property with deep roots in the community and a longstanding roster of tenants who serve Boca Raton residents every day. We see an opportunity to build on that foundation through active ownership, thoughtful reinvestment and a long-term commitment to the asset.”

“As a Boca Raton-based company, we’re especially excited to invest in a property in our own backyard,” added Ken Goodman, Founding Partner of Interface Properties. “Fountains Center has been an important part of the local business community for decades, and our goal is to be responsible stewards of that legacy while enhancing the experience for tenants, visitors and the surrounding community. We believe the property’s best days are still ahead.”

The property features direct frontage along Powerline Road, one of Boca Raton’s primary north-south corridors, and includes on-site amenities such as abundant parking and drive-thru banking. The campus is approximately five minutes from Interstate 95 and the Florida Turnpike and is within a 10-minute drive of Town Center at Boca Raton, Florida Atlantic University, Downtown Boca Raton, and Boca Raton Airport. The property is also located near the Boca Raton Synagogue, four golf and country clubs, and a dense concentration of executive and luxury housing.

Nelson Garcia of RARE CRE represented the seller in the transaction. Michael Basinski and Mitch Sinberg of Berkadia’s Boca Raton office arranged a $31.75 million acquisition loan through City National Bank.

Over the past three decades, Interface Properties has focused on acquiring well-located assets where hands-on management, capital investment, and long-term ownership creates lasting value. Previous Palm Beach County acquisitions include Haverhill Business Park in Riviera Beach, El Clair Medical Center in Boynton Beach, and Burma Commerce Park in Palm Beach Gardens. In 2020, the firm entered the multifamily sector through the acquisition of two Boca Raton sites that were redeveloped into The Yard University Apartments I and II. Interface also owns and operates affordable and market-rate apartment communities in Tampa, Fort Myers, and Naples.

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