- Closed Deals
Description
A New York steakhouse owner has purchased a Boca Raton restaurant that’s now permanently closed, according to its website.
The ownership group of Madison’s New York Grill & Bar announced that the eatery, which has been in operation since December 2013, was sold Friday. The deal worth $16.25 million included both the surrounding real estate and all assets within the restaurant.
The buyer is described as the owner of a “legendary” New York-based steakhouse. Owners of Madison’s New York Grill & Bar declined to reveal the buyer’s name.
According to property records, the 2-acre property at 2006 N.W. Executive Center Circle also includes a neighboring retail building, which houses a Jared jewelry store. The store is a stand-alone outparcel, just like the restaurant.
Madison’s New York Grill & Bar occupies the 7,000-square-foot building east of the jewelry store. The restaurant has the capacity for 240 patrons.
Tom Prakas of Boca Raton-based Prakas and Co. represented both the seller and buyer in the transaction.
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South FL Business Journal Link – Madison’s / Jared Jewelry Commercial Complex SOLD
- Size: 12,700 sq ft
- Zoning: Retail, Restaurant, Office
View on map / Neighborhood
This commercial property is located in is currently Closed Deals and has been listed on Prakas & Co. This property is listed at and is listed as 12700 sq ft.Â
Description
A New York steakhouse owner has purchased a Boca Raton restaurant that’s now permanently closed, according to its website.
The ownership group of Madison’s New York Grill & Bar announced that the eatery, which has been in operation since December 2013, was sold Friday. The deal worth $16.25 million included both the surrounding real estate and all assets within the restaurant.
The buyer is described as the owner of a “legendary” New York-based steakhouse. Owners of Madison’s New York Grill & Bar declined to reveal the buyer’s name.
According to property records, the 2-acre property at 2006 N.W. Executive Center Circle also includes a neighboring retail building, which houses a Jared jewelry store. The store is a stand-alone outparcel, just like the restaurant.
Madison’s New York Grill & Bar occupies the 7,000-square-foot building east of the jewelry store. The restaurant has the capacity for 240 patrons.
Tom Prakas of Boca Raton-based Prakas and Co. represented both the seller and buyer in the transaction.
____________________
South FL Business Journal Link – Madison’s / Jared Jewelry Commercial Complex SOLD
- Size: 12,700 sq ft
- Zoning: Retail, Restaurant, Office
View on map / Neighborhood
This commercial property is located in is currently Closed Deals and has been listed on Prakas & Co. This property is listed at and is listed as 12700 sq ft.Â