Berkadia Arranges $81.5 Million Sale Of Two Apartment Communities In Palm Beach County
“The Lake Worth submarket remained at 95% occupancy or above in 2020 and is poised for additional rent growth.”
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“The Lake Worth submarket remained at 95% occupancy or above in 2020 and is poised for additional rent growth.”
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
The facilities have a combined 6,197 units.
Cushman & Wakefield’s Wayne Ramoski and Miguel Alcivar represented the seller, DFJ Properties West, LLC, in the transaction.
Easton has submitted plans with the city to build a logistics-oriented facility.
EON Squared includes a 206-unit tower and an adjacent 270-unit tower completed in 2019 and 2021.
Mast Capital submitted site plans for a master-development totaling 2.6 million square feet.
The property consists of two recently developed rear-load 32-foot clear industrial distribution buildings containing approximately 402,000 square feet on 19.0 acres.
The property consists of 35,850 square feet of retail space along University Drive, plus 19,680 square feet of office suites tucked behind the shopping center.
Negotiations are underway with a national grocer, gas station, high end national coffee shop, national dental provider, a first-class daycare, as well as several other restaurants and service-oriented businesses.
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