"The Financial Center at the Gardens and Ted Mathas, CEO of New York Life Insurance Company"
Boca Raton-based Crocker Partners will be the operating partner of the 10-story Financial Center.
Mike Davis, Dominic Montazemi, Rick Brugge and Scott O’Donnell of Cushman & Wakefield represented KBS in the transaction.
KBS bought the property in 2015 for $63.1 million, records show. The property was built in 1997.
KBS spent more than $1 million to renovate the property, including a main lobby renovation with a new lounge and wine bar as well as upgrades to the café, restrooms, corridors and elevators, according to the release. The building is nearly 100 percent leased, with tenants including Morgan Stanley, UBS, Bankrate, and JP Morgan Chase.
KBS is one of the country’s largest buyers of commercial real estate and has completed deals worth over $38 billion, according to its website.