Trophy Office Property Hits Market In West Palm Beach
Pricing expectations exceed $200 million.
Pricing expectations exceed $200 million.
The property includes a one-story strip shopping center, a two-story office building and two out-parcel buildings totaling 55,000 square feet.
In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
PEBB, in a joint venture with Cincinnati-based Topvalco Inc., sold the property for $30 million.
The two leases total more than 15,000 square feet.
Expected to open in fall 2026, the 13,083-square-foot, three-story property lease marks Ketchy Shuby’s first Florida location, joining two existing locations in Lower Manhattan and Southampton, New York.
The sale price equates to more than $653 per square foot.
The project encompasses over 405,000 square feet of existing office space across two buildings, two ground-up retail and restaurant outparcel buildings totaling approximately 21,500 square feet, a nearly 37,000-square-foot Equinox gym and 500 multifamily units.
Before joining Illustrated, he led a high-producing team at BluEdge with nearly $80 million in combined commercial and residential volume across Palm Beach County and the Treasure Coast.
The new company brings together decades of experience and billions in real estate transactions under one roof, positioning itself as a “one-stop shop” for clients seeking top-tier commercial brokerage expertise across Florida.
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