Marcus & Millichap Arranges Sale Of Downtown West Palm Beach Office Building
Plans for the parking lot include a 12-story, 100,000 square foot Class “A” office tower on top of structured parking.
Plans for the parking lot include a 12-story, 100,000 square foot Class “A” office tower on top of structured parking.
Avison Young’s Florida Capital Markets Group negotiated the sales.
Transwestern Senior Managing Directors John Bell and Kevin Markwordt arranged the disposition on behalf of the undisclosed seller.
Richard was a fixture in the commercial real estate world in Broward and Palm Beach Counties, forever networking and enjoying countless industry events.
JLL worked on behalf of the borrower, Sterling Organization, to secure the five-year, fixed-rate loan.
ShareMD paid $6.45 million in the off-market deal that closed May 21.
The price equated to $577 per square foot.
The lease deal includes an expansion of an additional 8,686 square feet.
The property consists of a 9-story office tower, a 2-story medical office building and a development pad.
He will continue a career of pursuing investor leasing opportunities in downtown Fort Lauderdale and Broward County.
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