Fountains Center
An Urban Oasis: A Distinctive Mixed-Use Property in the Heart of Boca Raton
Marketing description
RARE CRE and Omicrom Group of Companies proudly present Fountains Center — a flagship 189,533 SF mixed-use asset strategically positioned at the intersection of Powerline Road and West Camino Real in the heart of Boca Raton, Florida.
Surrounded by one of South Florida’s most affluent and fastest-growing populations, Fountains Center is currently 90.84% leased to a dynamic mix of national and regional tenants including Citi Bank, Truist, and University of Miami. Approximately 54% of the tenancy is comprised of independent medical practices, providing recession-resistant stability and consistent daily foot traffic.
Boasting 690 feet of prominent frontage along Powerline Road, the property benefits from exceptional visibility and direct access to key employment, healthcare, and education hubs. The strong daytime population, combined with the area’s high average household income—exceeding $150,000—supports long-term rent growth and enduring demand.
This offering represents a rare opportunity to acquire a best-in-class asset in a high-barrier-to-entry market with robust fundamentals across the office, medical, and retail sectors. With a necessity-based tenant mix and strong leasing momentum, Fountains Center is well-positioned for continued performance and future appreciation.
Development Opportunity: Includes a fully entitled site for a 21,500 SF medical or multi-tenant office building, approved through 2031.
Fountains Center is part of the “Powerline Portfolio” — a premier collection of mixed-use assets in Boca Raton totaling 510,155 rentable square feet. The portfolio includes:
Fountains Center at Powerline Road & W Camino Real
The Boardwalk at Powerline Road & SW 18th Street
City National Bank Plaza at Powerline Road & W Palmetto Park Road
Grove Centre at Powerline Road & Boca Grove Boulevard
All assets within the Powerline Portfolio are available for sale.
CALL FOR OFFERS - JUNE 20, 2025
Investment highlights
- High Barrier to Entry Market: Prohibitive construction costs (>$550/SF), dearth of available and affordable land, and competitive land uses such as multifamily have blocked any significant new office and retail development in Boca Raton.
- Diversified Tenant Mix: The property features a diverse tenant base spanning retail, dining, medical, and service-oriented businesses, creating a balanced and resilient income stream while driving strong consumer traffic across multiple demand drivers
- Notable Demand Drivers: Boca Raton boasts a strong presence of major corporations, with 25% of the city's tenancy comprised of headquarters and key offices for prominent companies, including: Office Depot, ADT, Tyco, Touch suite, The GEO Group, SBA, TransUnion, Cross Country Healthcare, and Celsius Holdings.
- Exceptionally Located; Next to a Plethora of Amenities: The property is along the North/South main artery of Boca Raton, Powerline Road. This is truly the ‘heart of Boca Raton and hosts a large array of amenities including restaurants, parks, shopping malls, and multiple golf courses.
- Strong Market: Boca Raton continues to attract significant interest from private, institutional, foreign and domestic investors who are attracted to the broadly affluent demographic base. The Property's central location within Boca Raton positions the Property amongst some of the wealthiest communities in South Florida. It is minutes from both executive level housing and ultra luxury housing communities with home values between $1-$6 million.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
