An Equity Commonwealth unit sold the building at 6600 N. Military Trail in Boca Raton, Fla., to Office Depot for roughly $132.1 million, the South Florida Business Journal reported.

The property serves as the office supply retailer's headquarters. The building sits on a 28.9-acre campus and spans more than 1 million square feet, including some 630,000 square feet of office space.

Office Depot acquired the building at a discount, as the property last changed hands in 2011 for $171 million, according to the publication.