West Palm Beach Industrial Property Trades, Triples Value
Avison Young’s Brian C. de la Fé led a team that represented Boca Raton-based seller 2020 Properties in the disposition to buyer Twenty Lake.
Avison Young’s Brian C. de la Fé led a team that represented Boca Raton-based seller 2020 Properties in the disposition to buyer Twenty Lake.
Here are the most popular news headlines this past week on CRE-sources.
The asset last sold for $99.5 million.
The new 28-story residential tower will add 475 market-rate apartments to the MidRiver District.
The off-market transaction was facilitated by Cody Brais and Luis Castillo of JLL.
The property includes 45,770 square feet of office space, 11,255 square feet of ground-floor retail, and a 40,000 square-foot parking garage, all contributing to a steady income.
Located at 3600-3998 FAU Blvd., the Research Park includes a total of 308,305 square feet of office space. It is the only state university-affiliated research park in South Florida and considered a premier technology business incubator for the region.
Andrew Whitby brokered three separate transactions involving different sellers in a nine-month span.
Under the proposal, the project will feature 117,000 square feet of office space in seven stories and 557 parking spaces in six stories.
The lender, a life insurance company, provided the five-year, fixed-rate loan with full-term interest only at an attractive interest rate.
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