Multi-Tenant Office Building In West Palm Beach Sells For $13.9 Million
The building is currently 97% occupied.
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The building is currently 97% occupied.
Windstar Cruises will be relocating its corporate headquarters, including 30 to 40 employees, from Seattle to the six-story building.
The buildings, purchased for a combined $7.8 million, will be marketed for lease to select new restaurant/retail tenants.
Rodolfo Alvarez in Southwest Ranches manages all three of the sellers.
When completed, the distribution complex will encompass three LEED-certified warehouse buildings totaling over 495,000 square feet.
Tony Arellano and Devlin Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
The 55,046-square-foot property sits near the Intracoastal Waterway and features a mix of neighborhood restaurants and high-end retail stores.
The property last traded for $39.5 million in 2010, equating to $99 per square foot.
The law firm was previously located in Brickell.
Christian Lee, José Lobón and Marcos Minaya of CBRE Capital Markets, and Jay Adams with Newmark represented the seller, Encore Capital Management, in the transaction.
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