Boca Raton Cheesecake Factory Building Sold for $32 Million, Tripling Its 2001 Value

A recent high-profile real estate transaction in Boca Raton has caught attention as the building housing a popular Cheesecake Factory near the Town Center at Boca Raton mall was sold for $32 million. The property, located at 5530 Glades Road, previously sold for $13.25 million in 2001, making this latest sale nearly triple its earlier value. This dramatic increase highlights both the growth of the Boca Raton real estate market and the sustained appeal of high-traffic retail and dining locations.

The Cheesecake Factory, a favorite dining destination for many Floridians, has a strong presence in the state with 21 locations, including the Boca Raton restaurant. The chain, which originated as a bakery in the 1940s, evolved into a full-service restaurant known for its extensive menu. With over 250 items on its 20-page menu, The Cheesecake Factory has become a culinary institution, offering everything from appetizers to steaks and, of course, their famous cheesecake. Despite the large menu, the chain prides itself on making much of its food in-house, contributing to its popularity.

The Boca Raton location isn’t just a Cheesecake Factory; the building also includes office space with tenants such as Flagstar Bank/AmTrust and Town Center Executive Suites. This combination of retail and commercial tenants likely contributed to the property’s high value in the recent sale.

Customer reviews for The Cheesecake Factory highlight the chain’s continued appeal. The Clearwater location alone boasts over 2,100 reviews on Google, with an average rating of 4.3 out of 5 stars. One satisfied diner, Elaine, praised the restaurant for its “delicious hot food” and attentive service. She raved about the Shrimp Scampi and Steak Diane, noting that the mac and cheese substitution was perfectly prepared. The complimentary bread was also a highlight, with her husband favoring the darker sweet bread while she enjoyed the crunchier sourdough.

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This $32 million sale underscores not only the strength of Boca Raton’s real estate market but also the continued success and draw of The Cheesecake Factory as a beloved dining destination. For more details on the sale and the evolving commercial real estate landscape in South Florida, visit Bizjournals.