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