CP Group, a value-add owner-operator of office properties across the Sun Belt; The Georgetown Co., a privately held diversified real estate company; and ACRE, an institutional residential fund manager, together with investment partner StepStone, have announced the acquisition of Mizner Park in downtown Boca Raton, Fla.
The acquisition brings together CP Group’s perspective as the original developer of Mizner Park, Georgetown’s proven track record of developing and reimagining landmark mixed-use properties, and ACRE’s multifamily expertise to guide the long-term strategic repositioning of Mizner Park and usher the property into its next chapter.
The acquisition of the 838,840-square-foot office, retail and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999 and helped establish downtown Boca Raton as a place to shop, work, live and gather. From the outset, CP Group envisioned Mizner Park a
