JLL Closes 45.7M Sale Of Downtown West Palm Property
Originally built in 1925, echo was repositioned in 2021 and offers Class A office space with approximately 10,000 square feet of ground floor retail and a 257-space parking garage.
Originally built in 1925, echo was repositioned in 2021 and offers Class A office space with approximately 10,000 square feet of ground floor retail and a 257-space parking garage.
The financing was provided by City National Bank of Florida.
The multi-phase project will encompass approximately 2.5 million square feet of new commercial, residential, and hotel product once complete.
Completed in 2000, 1100 Banyan houses Scripps’ WPTV news studio and office space. Scripps will lease-back the entire property for a minimum of two and a half years.
Colliers’ Senior Vice Presidents Darcie Lunsford and Caroline Fleischer will lead the marketing efforts for the seven-story midrise.
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
The two experienced real estate professionals will join JLL’s leading tenant representation services team serving clients across the South Florida region.
ABANCA USA and BankUnited provided the loans.
Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction.
The travel technology company will relocate its headquarters from Downtown West Palm Beach.
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